Growth and Institutions: A Review of the Evidence

  title={Growth and Institutions: A Review of the Evidence},
  author={Janine Aron},
  journal={World Bank Research Observer},
  • J. Aron
  • Published 1 February 2000
  • Economics
  • World Bank Research Observer
Africa's disappointing economic performance, the East Asian financial crisis, and the weak record of the former Soviet Union have focused attention on the role of institutions in determining a country's economic growth. This article critically reviews the literature that tries to link quantitative measures of institutions, such as civil liberties and property rights, with growth of gross domestic product across countries and over time. An important distinction is made between indicators that… 

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The Institutional Framework and Economic Development

  • G. Scully
  • Economics
    Journal of Political Economy
  • 1988
The compound growth rates of per capita output and Farrell-type efficiency measures for 115 market economies over the period 1960-80 were compared with measures of political, civil, and economic