The impact of formal and informal institutions on economic growth : a case study on the MENA region

Annotation Regarding the Arab region, GDP per capita virtually stagnated for more than 20 years from 1980. During the same period, GDP per capita in the world's highly industrialized states further increased and the gap between the Middle East and North Africa (MENA) and the highly developed co...

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Main Author: Dobler, Constanze
Format: eBook
Language:English
Published: Frankfurt am Main Peter Lang 2011, 2011
Series:Hohenheimer volkswirtschaftliche Schriften
Subjects:
Online Access:
Collection: JSTOR Open Access Books - Collection details see MPG.ReNa
Table of Contents:
  • Includes bibliographical references (pages 212-226)
  • 4.8 Business environment 1404.9 Financial sector 143; 4.10 Trade 147; 4.11 Corruption and red tape 148; 4.12 Political and legal Institutions 150; 4.12.1 Property rights 151; 4.12.2 Constraints on the executive and democracy 152; 4.12.3 Good governance 157; 4.13 Informal institutions 165; 4.13.1 Trust 165; 4.13.2 Control 166; 4.13.3 Respect and obedience 167; 5. Differences in early institutional development 176; 5.1 Introduction 176; 5.2 The emergence of state and religion 179; 5.3 The acceptance of Islamic occasionalism and the role of foreign sciences 182; 5.4 Law 190
  • 2.8.1.1 Horizontal and vertical societal structures 553. Institutions
  • an empirical approach 61; 3.1 Informal institutions 61; 3.1.1 Trust 63; 3.1.2 Limited and generalized morality 64; 3.1.3 Beliefs that encourage the accumulation of physical and human capital 67; 3.1.3.1 Destiny 67; 3.1.3.2 Life after death 68; 3.2 Formal institutions 69; 3.2.1 Property rights 69; 3.2.2 Legal system
  • the rule of law 71; 3.2.3 Form of government
  • democracy 73; 3.3 Measuring institutions
  • a literature review 75; 3.4 Endogeneity 83; 3.5 Deep determinants of growth 86; 3.6 Methodical issues 88
  • Figures XI; Tables XIII; Abbreviations and variables XIV; 1. Introduction 1; 2. Institutions
  • a theoretical approach 10; 2.1 Introduction 10; 2.2 Formal and informal institutions 15; 2.3 Growth-supporting institutions 18; 2.4 Transaction costs 20; 2.5 Institutional change and transplantation 21; 2.6 Institutions and technology 28; 2.7 Equilibrium view of institutions 33; 2.7.1 General remarks 33; 2.7.2 Shared-beliefs cum equilibrium-summary-representation approach 35; 2.7.2.1 Model I 38; 2.8 The form of societal organization 47; 2.8.1 Model II 48
  • the impact of formal and informal institutions on per capita income 101; 3.8.1 Data 101; 3.8.2 Regression approach 106; 3.8.3 Regression results 108; 4. Institutions and economic development in the MENA region 123; 4.1 Introduction 123; 4.2 Arab economic performance 126; 4.3 Economic development in the second half of the 20th century 129; 4.4 Total factor productivity 132; 4.5 Investment 133; 4.6 Public sector 136; 4.7 Demography and education 138
  • connection between the general institutional analysis and the case study on the MENA region 205; References 212; Data sources 227; Appendix A 229; Appendix B 232