Institutions and Development

Shirley, Mary M.

doi:10.1007/0-387-25092-1_25

Cited by 85 publications

(68 citation statements)

References 39 publications

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“…The main findings are that freedom, the guarantee of property rights, the market, the emergence of efficient institutions and growth, are strongly interrelated (see e.g. North, 2005;Shirley, 2005). This result can be seen also as somewhat contrary to the results of econometric works on democracy and growth mentioned before.…”

Section: Introductioncontrasting

confidence: 77%

Democracy, Institutional Changes and Economic Development: The Case of Ancient Athens

Kyriazis

Karayiannis

2011

The Journal of Economic Asymmetries

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Section: Introductioncontrasting

confidence: 77%

Democracy, Institutional Changes and Economic Development: The Case of Ancient Athens

Kyriazis

Karayiannis

2011

The Journal of Economic Asymmetries

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“…As such, the new institutional economics has brought to the forefront the important function of institutions (Matthews 1986;North 1990;Shirley 2005), and economic sociology has underlined the importance of socio-cultural factors (Granovetter 1985;Knack and Keefer 1997). Political science has centred its explanations on political factors (Lipset 1959;Brunetti 1997), whilst others emphasise the role played by geography and demography (Brander and Dowrick 1994;Kalemli-Ozcan 2002;Gallup et al 1999).…”

Section: Introduction Human Development and Its Conditioning Factorsmentioning

confidence: 97%

On the Perpetuation of the Situation of Economic and Social Underdevelopment in Africa

2015

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Why do the majority of African countries fail to take the steps that would lead them towards greater development? The aim of this work is to determine the factors affecting development, not only the economic ones, which play a central role in economic literature, but also social. To do so, we have used a wide sample of countries and have estimated a panel data for 171 countries of those that have been members of the United Nations (UN) for a period of 16 years (from 1995 to 2010 inclusive). Our results lead us to conclude that monetary instability and the colonial past of these countries have had a negative impact on their level of human development. However, improvements in the efficiency of governmental policy and instruments, investment in greater democracy, greater stability and less corruption, have, in all cases, a positive effect on human development in these countries.

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“…North's (1990) earlier study on long-term economic development argues that institutions play a fundamental role in limiting governmental powers and providing certainty for private investments and economic transactions (see also Shirley, 2005). Acemoglu and Robinson (2012), in answering the question of "why nations fail", argue further that the establishment of both inclusive economic institutions, which allow for mass participation in the economy, and inclusive political institutions, which are sufficiently centralized and pluralistic, are essential to sustainable economic growth and prosperity.…”

Section: The "Political-institutional Complex"mentioning

confidence: 99%

Unpacking the “political-institutional complex”: The role of physical and institutional infrastructures in Indonesia’s decentralization reform

Yee¹,

Li²

2018

J Infrastruct Policy Dev

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The study looks into how governance qualities of decentralized governments mediate the impacts of decentralization on development. Based on a set-oriented approach, the study analyzed data from a nation-wide survey conducted with business managers from all provinces in Indonesia, and found evidence that, despite the country's uniform decentralization reform, individual provinces exhibited great variation in the qualities of their various physical and institutional infrastructures. Notably, these qualities assumed nested relations, with order and security as well as accountability and rule of law seemingly being the preconditions of basic infrastructure provision as well as local governments' coordination. Moreover, business investment decisions (measured as staff expansion and product innovation) were found to vary with some specific combinations of these infrastructural conditions. The result provides evidence supporting the argument that both physical and institutional infrastructures are instrumental to realize the supposed benefits of decentralization and supports the recent call of the literature to look into the political-institutional complex in the process of decentralization reform.

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Institutions and Development

Cited by 85 publications

References 39 publications

Democracy, Institutional Changes and Economic Development: The Case of Ancient Athens

Democracy, Institutional Changes and Economic Development: The Case of Ancient Athens

On the Perpetuation of the Situation of Economic and Social Underdevelopment in Africa

Unpacking the “political-institutional complex”: The role of physical and institutional infrastructures in Indonesia’s decentralization reform

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