|Mause I 107f
Institutions/Rodrik: While the "New Institutional Economics" that emerged in the 1960s and 1970s has been largely absorbed by microeconomics today, from the second half of the 1990s onwards an economic mindset has been established that deals with institutions as determinants of growth and development from a macro-perspective (such as: Hall and Jones 1999 (2)); Rodrik et al. 2004 (1)). Characteristic of this approach is firstly a relatively narrow institutional concept that is largely limited to formal institutions (such as property rights, the rule of law, electoral law), and secondly an aspiration for analytical rigour that is expressed in a highly formalized language and the aspiration to check the hypotheses drawn up econometrically. See Institutions/Robinson.
1. Rodrik, Dani, Arvind Subramanian, und Francesco Trebbi. 2004. Institutions rule. The primacy of institutions over geography and integration in economic development. Journal of Economic Growth 9( 2): 131– 165.
2. Hall, Robert E., und C. I. Jones, Why do some countries produce so much more output per worker than others? The Quarterly Journal of Economics 114, (1) 1999, S. 83– 116._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Robert E. Hall
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