Template-type: ReDIF-Paper 1.0
Author-Name: Szirmai, Adam
Author-Email: szirmai@merit.unu.edu
Author-Workplace-Name: UNU-MERIT / MGSoG
Title: Institutions and economic growth: Summary and synthesis
Abstract: This paper provides a review and synthesis of the findings of the second 
	 phase of a research project on institutions and long-run economic 
	 performance. It discusses research findings in five areas, namely (1) 
	 the relationship between institutional characteristics and the duration 
	 of economic slumps; (2) the relative importance for growth of 
	 institutions, trade openness and geography; (3) the determinants and 
	 consequences of state capacities; (4) the interactions between 
	 institutions, foreign direct investment and domestic investment; and (5) 
	 the relative contributions of growth and inequality to poverty 
	 reduction. The paper concludes with recommendations for future research 
	 in the field of institutions and economic development.
Classification-JEL: E02, O43, B52, O10
Keywords: Institutions, Economic Growth, State Capacity, Foreign Direct Investment,
	 FDI, Poverty
Series: UNU-MERIT Working Papers
Creation-Date: 20131231
Number: 070
File-URL: http://www.merit.unu.edu/publications/wppdf/2013/wp2013-070.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2013070