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Culture, institutions and economic growth

Published online by Cambridge University Press:  25 February 2011

EELKE DE JONG
EELKE DE JONG*
Affiliation:
Radboud University Nijmegen – Department of Economics, PO Box 9108, Nijmegen 6500 HK, The Netherlands
*
*Email: [email protected]
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Abstract:

In his article ‘Institutions and Economic Development: Theory, Policy and History’, Ha-Joon Chang rightly argues that historical evidence does not irrefutably suggest that countries characterized by free markets perform better than those in which the state plays a much more prominent role. However, his method of substantiating his claims by means of examples from different sources and periods does not convince. A more systematic and theoretically founded approach is needed. This comment focuses on the cross-section versus time-series approach and the relation between culture, institutions and economic development.

Type
Research Article
Information
Journal of Institutional Economics , Volume 7 , Issue 4 , December 2011 , pp. 523 - 527
Copyright
Copyright © The JOIE Foundation 2011

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