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"Institutions and Economic Performance" explores the question of why income per capita varies so greatly across countries. Even taking into account disparities in resources, including physical and human capital, large economic discrepancies remain across countries. Why are some societies but not others able to encourage investments in places, people, and productivity?The answer, the book argues, lies to a large extent in institutional differences across societies. Such institutions are wide-ranging and include formal constitutional arrangements, the role of economic and political elites, informal institutions that promote investment and knowledge transfer, and others. Two core themes run through the contributors' essays. First, what constraints do institutions place on the power of the executive to prevent it from extorting the investments and effort of other people and institutions? Second, when are productive institutions self-enforcing?"Institutions and Economic Performance" is unique in its melding of economics, political science, history, and sociology to address its central question.

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Book Details

ISBN: 9780674030770
ISBN-10: 067403077X
Format: Hardback
(235mm x 155mm x 48mm)
Pages: 624
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 10-Oct-2008
Country of Publication: United States

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Author Biography - Elhanan Helpman

Elhanan Helpman is Galen L. Stone Professor of International Trade at Harvard University, and a Fellow at the Canadian Institute for Advanced Research. He is the author of many research articles and books, including The Mystery of Economic Growth (Harvard).

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