WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice

Institutions are hot! The international development community has adopted this buzzword in its discourses and policies. There is ample literature pointing to the importance of institutions for economic development, and this paper is not to deny this irrefutable fact. In fact, this paper provides evi...

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Detalles Bibliográficos
Autor principal: Voorend, Koen
Formato: Artículo
Lenguaje:Inglés
Publicado: 2019
Materias:
Instituciones Políticas
Economía
Gobernabilidad
Acceso en línea:http://repositorio.iis.ucr.ac.cr/handle/123456789/292
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=cr/cr-004&d=123456789292oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-123456789292oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Inglés
topic Instituciones Políticas
Economía
Gobernabilidad
spellingShingle Instituciones Políticas
Economía
Gobernabilidad
Voorend, Koen
WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice
topic_facet Instituciones Políticas
Economía
Gobernabilidad
description Institutions are hot! The international development community has adopted this buzzword in its discourses and policies. There is ample literature pointing to the importance of institutions for economic development, and this paper is not to deny this irrefutable fact. In fact, this paper provides evidence that institutions impact economic performance through human capital, rather than directly. However, it questions the relevance of the empirical literature for policymakers, and tries to take the next step by asking which institutions are important to income and/or growth, by categorizing them into economic, political, legal and social institutions. The analysis teaches us that it is difficult to answer this question, but not because research would not be able to do so technically. Rather, the measures for institutions that are currently available are ambiguous outcome measures that all capture similar information and hardly contain any policy information. Disaggregating indices and using straightforward measures of institutional quality, which actually capture a norm instead of an outcome, can provide a small step towards more practical policy advice.
format Artículo
Artículo
author Voorend, Koen
author_facet Voorend, Koen
author_sort Voorend, Koen
title WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice
title_short WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice
title_full WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice
title_fullStr WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice
title_full_unstemmed WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice
title_sort which iinstitutions determine growth? a small step towards more practical policy advice
publishDate 2019
url http://repositorio.iis.ucr.ac.cr/handle/123456789/292
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=cr/cr-004&d=123456789292oai
work_keys_str_mv AT voorendkoen whichiinstitutionsdeterminegrowthasmallsteptowardsmorepracticalpolicyadvice
bdutipo_str Repositorios
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