WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice
Institutions are hot! The international development community has adopted this buzzword in its discourses and policies. There is ample literature pointing to the importance of institutions for economic development, and this paper is not to deny this irrefutable fact. In fact, this paper provides...
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| Formato: | tesis de maestría |
| Lenguaje: | English |
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Insititute of Social Studies
2019
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| Acceso en línea: | http://repositorio.iis.ucr.ac.cr/handle/123456789/292 |
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| author | Voorend, Koen |
| author_facet | Voorend, Koen |
| author_sort | Voorend, Koen |
| collection | Repositorio IIS |
| description | Institutions are hot! The international development community has adopted this buzzword
in its discourses and policies. There is ample literature pointing to the importance of
institutions for economic development, and this paper is not to deny this irrefutable fact. In
fact, this paper provides evidence that institutions impact economic performance through
human capital, rather than directly. However, it questions the relevance of the empirical
literature for policymakers, and tries to take the next step by asking which institutions are
important to income and/or growth, by categorizing them into economic, political, legal and
social institutions. The analysis teaches us that it is difficult to answer this question, but not
because research would not be able to do so technically. Rather, the measures for institutions that are currently available are ambiguous outcome measures that all capture similar information and hardly contain any policy information. Disaggregating indices and using straightforward measures of institutional quality, which actually capture a norm instead of an outcome, can provide a small step towards more practical policy advice. |
| format | tesis de maestría |
| id | IIS-CIDCACS-RD-123456789-292 |
| institution | Instituto de Investigaciones Sociales (IIS) |
| language | English |
| publishDate | 2019 |
| publisher | Insititute of Social Studies |
| record_format | dspace |
| spelling | IIS-CIDCACS-RD-123456789-2922022-10-14T17:40:15Z WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice Voorend, Koen Instituciones Políticas Economía Gobernabilidad Institutions are hot! The international development community has adopted this buzzword in its discourses and policies. There is ample literature pointing to the importance of institutions for economic development, and this paper is not to deny this irrefutable fact. In fact, this paper provides evidence that institutions impact economic performance through human capital, rather than directly. However, it questions the relevance of the empirical literature for policymakers, and tries to take the next step by asking which institutions are important to income and/or growth, by categorizing them into economic, political, legal and social institutions. The analysis teaches us that it is difficult to answer this question, but not because research would not be able to do so technically. Rather, the measures for institutions that are currently available are ambiguous outcome measures that all capture similar information and hardly contain any policy information. Disaggregating indices and using straightforward measures of institutional quality, which actually capture a norm instead of an outcome, can provide a small step towards more practical policy advice. UCR::Vicerrectoría de Investigación::Unidades de Investigación::Ciencias Sociales::Instituto de Investigaciones Sociales (IIS) 2019-04-26T15:27:31Z 2019-11-7T08:46:00Z 2006 tesis de maestría http://repositorio.iis.ucr.ac.cr/handle/123456789/292 en Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) https://creativecommons.org/licenses/by-nc-sa/4.0/ application/pdf Insititute of Social Studies |
| spellingShingle | Instituciones Políticas Economía Gobernabilidad Voorend, Koen WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice |
| title | WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice |
| title_full | WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice |
| title_fullStr | WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice |
| title_full_unstemmed | WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice |
| title_short | WHICH IINSTITUTIONS DETERMINE GROWTH? A Small Step towards more Practical Policy Advice |
| title_sort | which iinstitutions determine growth a small step towards more practical policy advice |
| topic | Instituciones Políticas Economía Gobernabilidad |
| url | http://repositorio.iis.ucr.ac.cr/handle/123456789/292 |
| work_keys_str_mv | AT voorendkoen whichiinstitutionsdeterminegrowthasmallsteptowardsmorepracticalpolicyadvice |