The Impact of Formal and Informal Institutions on Economic Growth

Inside this Book

If you make use of this material, you may credit the authors as follows:

Dobler Constanze, "The Impact of Formal and Informal Institutions on Economic Growth", Peter Lang International Academic Publishing Group, 2011-08-30, DOI: 10.3726/978-3-653-00883-8, License: https://creativecommons.org/licenses/by/4.0/legalcode

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 countries widened. However, the differences between Arab countries and the Western states exist not only economically. The countries also differ regarding their political, legal, and social systems. This work explains the differences in development on the basis of institutional economics. In addition to a general theoretical part, an empirical analysis demonstrates the effects of institutions on income, and a historical case study explains the divergent development paths of the Arab region and selected advanced economies.

Keywords

Case, Cultural Economics, Dobler, Economic, Empirical Institutional Analysis, Formal, Growth, Impact, Informal, Institutions, Mena, Political Economics, Region, Study

Rights | License

Except where otherwise noted, this item has been published under the following license:

Takedown policy

If you believe that this publication infringes copyright, please contact us at info@jecasa-ltd.com and provide relevant details so that we can investigate your claim.