Martin Paldam

Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions

Publikation: Working paperForskning

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Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions. / Gundlach, Erich; Paldam, Martin.

Aarhus : Institut for Økonomi, Aarhus Universitet, 2007.

Publikation: Working paperForskning

Harvard

APA

CBE

Gundlach E, Paldam M. 2007. Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions. Aarhus: Institut for Økonomi, Aarhus Universitet.

MLA

Gundlach, Erich og Martin Paldam Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions. Aarhus: Institut for Økonomi, Aarhus Universitet. 2007., 38 s.

Vancouver

Gundlach E, Paldam M. Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions. Aarhus: Institut for Økonomi, Aarhus Universitet. 2007.

Author

Gundlach, Erich ; Paldam, Martin. / Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions. Aarhus : Institut for Økonomi, Aarhus Universitet, 2007.

Bibtex

@techreport{4ce3fe10ded611dc9f8a000ea68e967b,
title = "Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions",
abstract = "The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many institutional changes can be understood as tran¬sitions occurring at roughly the same level (zones) of development. The Primacy of Insti¬tu¬tions (PoI) view claims that economic develop¬ment is a consequence of an exogenous selection of institutions. Our survey of the empirical evidence and our own estimates reveal that it is easy to find con-vincing evidence supporting either of the two views. Property rights do affect development as suggested by the PoI. However, democracy is mainly an effect of develop¬ment as suggested by the GT. We conclude that the empirical results are far too mixed to allow for a robust assess-ment that one of the two views is true and the other false. This finding implies that focusing on institutional development is unlikely to be successful as the key strategy for the economic development of poor countries.",
keywords = "Grand transition, primacy of institutions, democracy, corruption, development",
author = "Erich Gundlach and Martin Paldam",
year = "2007",
language = "English",
publisher = "Institut for {\O}konomi, Aarhus Universitet",
type = "WorkingPaper",
institution = "Institut for {\O}konomi, Aarhus Universitet",

}

RIS

TY - UNPB

T1 - Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions

AU - Gundlach, Erich

AU - Paldam, Martin

PY - 2007

Y1 - 2007

N2 - The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many institutional changes can be understood as tran¬sitions occurring at roughly the same level (zones) of development. The Primacy of Insti¬tu¬tions (PoI) view claims that economic develop¬ment is a consequence of an exogenous selection of institutions. Our survey of the empirical evidence and our own estimates reveal that it is easy to find con-vincing evidence supporting either of the two views. Property rights do affect development as suggested by the PoI. However, democracy is mainly an effect of develop¬ment as suggested by the GT. We conclude that the empirical results are far too mixed to allow for a robust assess-ment that one of the two views is true and the other false. This finding implies that focusing on institutional development is unlikely to be successful as the key strategy for the economic development of poor countries.

AB - The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many institutional changes can be understood as tran¬sitions occurring at roughly the same level (zones) of development. The Primacy of Insti¬tu¬tions (PoI) view claims that economic develop¬ment is a consequence of an exogenous selection of institutions. Our survey of the empirical evidence and our own estimates reveal that it is easy to find con-vincing evidence supporting either of the two views. Property rights do affect development as suggested by the PoI. However, democracy is mainly an effect of develop¬ment as suggested by the GT. We conclude that the empirical results are far too mixed to allow for a robust assess-ment that one of the two views is true and the other false. This finding implies that focusing on institutional development is unlikely to be successful as the key strategy for the economic development of poor countries.

KW - Grand transition, primacy of institutions, democracy, corruption, development

M3 - Working paper

BT - Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions

PB - Institut for Økonomi, Aarhus Universitet

CY - Aarhus

ER -