Institutions, Human Development and Economic Growth in by Pasquale Tridico (auth.)

By Pasquale Tridico (auth.)

Show description

Read Online or Download Institutions, Human Development and Economic Growth in Transition Economies PDF

Best urban & regional books

Quantitative Methods in Tourism Economics

Tourism economics is in part in keeping with verified rules from the economics self-discipline, however it additionally contains parts from sociology, psychology, association conception and ecology. It has through the years became an beautiful multi-disciplinary orientated method of the certainty of the affects of rest time in a latest society, together with cultural history, sustainable caliber of lifestyles, and commercial association of the hospitality undefined.

Challenging Neighbours: Rethinking German und Dutch Economic Institutions

Hard Neighbours presents huge insurance of the German and Dutch economies, from an institutional standpoint. Pensions, pageant coverage, labour relatives, company governance, and future health care are one of the themes for which the institutional atmosphere and function of Germany and the Netherlands are in comparison.

Advanced Cultural Districts: Innovative Approaches to Organizational Design

Complex Cultural Districts explores the organisational layout concerns in the cultural history zone, with specific concentrate on the complicated sorts of cultural districts for neighborhood socio-economic improvement.

Additional resources for Institutions, Human Development and Economic Growth in Transition Economies

Sample text

It will be shown, first, that these variables increase the level of human development (without the income dimension) and then that human development causes GDP growth (Chapter 7). However, I will show that two fundamental factors are at the basis of this process of development: social capital and a strong middle class (Chapter 8). I used OLS cross-country regressions to test these models. 2SLS methods and IV approaches were also used in both Chapters 7 and 8 in order to check for endogeneity problems.

Furthermore, a state of systemic vacuum, chaos and disorganisation in the economic framework was created. Oliver Blanchard (1997: 10) refers to this period as a systemic vacuum and as an economy of chaos. The WC became the dominant paradigm in transition economies, being implemented in order to ‘adjust, stabilize and privatize’ the economies using a ‘Structural Adjustment’ programme, often uncritically implemented as a universal formula (Stiglitz, 1998). The WC referred to a decalogue of policies advised by Washington-based international financial institutions and marked the end of Keynesianism as the dominant policy paradigm, both in developing and in developed countries.

Hence, development might be defined as a process of economic growth through institutional change. During this process, it is necessary to have institutional policies and an active role taken by the state in order to foster development. By contrast, the role of institutions and of the state, in particular at the beginning of the transition process, have been largely under-estimated or ignored. In Chapter 4, I will also try to give a clear idea about the problems related to institutional change and to the inertia and conflicts between old and new institutions.

Download PDF sample

Rated 4.81 of 5 – based on 15 votes