The New Comparative Economics

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. The authors argue that, to unde...

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Bibliographic Details
Main Authors:	Djankov, Simeon, Glaeser, Edward, La Porta, Rafael, Lopez-de-Silanes, Florencio, Shleifer, Andrei
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	COMPARATIVE ECONOMICS ECONOMIC DEVELOPMENT COSTS INSTITUTIONAL ECONOMICS SOCIALISM CAPITALISM RESOURCE PLANNING PRIVATE INSTITUTIONS PUBLIC INSTITUTIONS PROPERTY RIGHTS ECONOMIC GROWTH GOVERNMENT REGULATIONS CORRUPTION DICTATORSHIP DEMOCRACY ECONOMIC REFORM ANTI-COMPETITIVE PRACTICES BANK SUPERVISION BENCHMARK BENEFITS BRIBERY CAPITALIST SYSTEMS CASH CENTRAL GOVERNMENT CENTRAL PLANNING CENTRALIZATION CIVIL LAW CIVIL WAR COLONIZATION COMMON LAW COMMUNISM COMMUNIST COMMUNIST PARTY COMPETITIVE MARKETS CONSTITUTION CONSTITUTIONALITY CONSUMERS CONTRACT ENFORCEMENT CRIME DAMAGES DECISION-MAKING DECISION-MAKING AUTHORITY DICTATORS DISCLOSURE ECONOMIC EFFICIENCY ECONOMIC PERFORMANCE ECONOMIC PROBLEMS ECONOMIC REFORM ECONOMIC REFORMS ECONOMIC SYSTEMS ECONOMICS ECONOMISTS EMPIRICAL RESEARCH EMPIRICAL STUDIES EQUILIBRIUM ETHNIC GROUPS FACTOR ENDOWMENTS FEDERALISM GOVERNMENT EXPROPRIATION GOVERNMENT INTERVENTION GOVERNMENT OWNERSHIP GOVERNMENT REGULATION HUMAN CAPITAL INCOME INDUSTRIALIZATION INEFFICIENCY INEQUALITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL QUALITY INSTITUTIONAL STRUCTURE JUDICIAL DECISIONS JUDICIARY LABOR MARKETS LAWS LEGAL ACTION LEGAL ORIGINS LEGAL SYSTEM LEGAL SYSTEMS LEGISLATION LEGISLATORS LOCAL INSTITUTIONS MANDATES MARKET DISCIPLINE MARKET ECONOMY MARKET POWER MINES MONOPOLIES PENALTIES PER CAPITA INCOME POLITICAL CONTROL POLITICAL ECONOMY POLITICAL LEADERS POLITICAL SYSTEM PREDATORY PRICING PRESIDENCY PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PUBLIC CONTROL PUBLIC ENTERPRISES PUBLIC GOODS PUBLIC INVESTMENTS PUBLIC WELFARE REGULATORY AGENCY REGULATORY INSTITUTIONS REGULATORY SYSTEM RESOURCE ALLOCATION RULE OF LAW SECURE PROPERTY RIGHTS SECURITIES SOCIAL CAPITAL SOCIAL CONTROL SOCIAL COSTS SOCIAL POLICY STATE CONTROL STATE INTERVENTION STATE OWNERSHIP STATE POWER SUBJECTIVE ASSESSMENTS SUBVERSION TAXATION TECHNOLOGICAL CHANGE TRANSITION ECONOMIES WEALTH ANTI-COMPETITIVE PRACTICES
Online Access:	http://documents.worldbank.org/curated/en/2003/05/2386464/new-comparative-economics http://hdl.handle.net/10986/18185

Description
Summary:	In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. The authors argue that, to understand capitalist institutions, one needs to understand the basic tradeoff between the costs of disorder and those of dictatorship. They then apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, and the politics of institutional choice.

The New Comparative Economics

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