Development Economics and Economic Development: Why do Institution Matter?

Economic development is a complex phenomenon, at least when speaking about understanding its real sources, despite the simplifying tendencies of economic growth neoclassical theories. These orthodox theories limit themselves to identifying the necessary conditions - such as capital accumulation and...

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Bibliographic Details
Main Author: Cosmin Marinescu
Format: Article
Language:English
Published: General Association of Economists from Romania 2007-02-01
Series:Theoretical and Applied Economics
Subjects:
Online Access:http://www.ectap.ro/articole/198.pdf