Institutions and economic growth/development

What are institutions and how do they affect economic performance? Distinguish between political and economic institutions. Discuss the evidence that we have on the impact of institutions on economic growth and development. How are institutions determined and how can we model/understand institutional change?

Here are some useful resources that you may use, the resources has to be academic and reliable,

1. œInstitutions as the Fundamental Cause of Long Term Growth by Acemoglu, Johnson and Robinson.
2. œHistory Lessons: Institutions, Factors Endowments, and Paths of Development in the New World by Sokoloff and Engerman

3. œInstitutions: Top Down or Bottom Up by William Easterly.

4. œInstitutions for High-Quality Growth: What They Are and How to Acquire Them? by Dani Rodrik.

5. œTropics, Germs and Crops: The Role of Endowments in Economic Development by Easterly and Levine (only the first ten pages and the Conclusion).

6. http://economics.mit.edu/files/511

7. http://www.nber.org/papers/w18162

8. http://www.nybooks.com/articles/archives/2012/jun/07/what-makes-countries-rich-or-poor/

9. http://www.nyudri.org/wp-content/uploads/2011/10/driwp62.pdf

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