The Impact of Formal and Informal Institutions on Economic Growth
The Impact of Formal and Informal Institutions on Economic Growth

Author: Constanze Dobler

Publisher: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften

Published: 2011

Total Pages: 0

ISBN-13: 9783631616161

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Regarding the Arab region, GDP per capita virtually stagnated for more than 20 years from 1980. During the same period, GDP per capita in the world's highly industrialized states further increased and the gap between the Middle East and North Africa (MENA) and the highly developed countries widened. However, the differences between Arab countries and the Western states exist not only economically. The countries also differ regarding their political, legal, and social systems. This work explains the differences in development on the basis of institutional economics. In addition to a general theoretical part, an empirical analysis demonstrates the effects of institutions on income, and a historical case study explains the divergent development paths of the Arab region and selected advanced economies.

The Long Shadow of Informality
The Long Shadow of Informality

Author: Franziska Ohnsorge

Publisher: World Bank Publications

Published: 2022-02-09

Total Pages: 397

ISBN-13: 1464817545

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A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

The Handbook of Economic Development and Institutions
The Handbook of Economic Development and Institutions

Author: Jean-Marie Baland

Publisher: Princeton University Press

Published: 2020-01-21

Total Pages: 786

ISBN-13: 0691191212

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"The essential role institutions play in understanding economic development has long been recognised and has been closely studied across the social sciences but some of the most high profile work has been done by economists many of whom are included in this collection covering a wide range of topics including the relationship between institutions and growth, educational systems, the role of the media and the intersection between traditional systems of patronage and political institutions. Each chapter covers the frontier research in its area and points to new areas of research and is the product of extensive workshopping and editing. The editors have also written an excellent introduction which brings together the key themes of the handbook. The list of contributors is stellar (Steven Durlauf, Throsten Beck, Bob Allen,and includes a diverse mix of Western and non Western, male and female scholars)"

The Handbook of Economic Development and Institutions
The Handbook of Economic Development and Institutions

Author: Jean-Marie Baland

Publisher: Princeton University Press

Published: 2020-01-21

Total Pages: 786

ISBN-13: 0691192014

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The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume’s editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development. This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include the relationship between institutions and growth, educational systems, the role of the media, and the intersection between traditional systems of patronage and political institutions. Each chapter—covering the frontier research in its area and pointing to new areas of research—is the product of extensive workshopping on the part of the contributors. The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.

Institutions, Contracts, and Organizations
Institutions, Contracts, and Organizations

Author: Claude Ménard

Publisher: Edward Elgar Publishing

Published: 2000

Total Pages: 488

ISBN-13:

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A presentation of contributions from some of the world's leading economists, including Ronald Coase and Douglass North. It demonstrates the extent and depth of the New Institutional Economics research programme with special emphasis on the interaction between institutional factors.

Informal Institutions, Social Capital and Economic Transition
Informal Institutions, Social Capital and Economic Transition

Author: Martin Raiser

Publisher:

Published: 1997

Total Pages: 40

ISBN-13:

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Few issues in economics have experienced such a grandiose revival as the role of institutions in economic development. the success of the overall reform effort depends to a considerable extent on the existence of adequate institutions ... ʺ. One might go further and state that what transition is all about is a redesign of the institutional framework of formerly centrally planned economies. A transition theory therefore will necessarily be a theory of institutional change. This paper focuses on one particular subset of institutional change, namely the role of informal institutions in economic transition.

Economic Informality
Economic Informality

Author: Ana Maria Oviedo

Publisher: World Bank Publications

Published: 2009-06-01

Total Pages: 54

ISBN-13: 0821379976

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This survey assembles recent theoretical and empirical advances in the literature on economic informality and analyzes the causes and costs of informality in developed and developing economies. Using recent evidence, the survey discusses the nature and roots of informal economic activity across countries, distinguishing between informality as the result of exclusion and exit. The survey provides an extensive review of recent international experience with policies aimed at reducing informality, in particular, policies that facilitate the formalization process, create a framework for the transition from informality to formality, lend support to newly created firms, reduce or eliminate inconsistencies across regulation and government agencies, increase information flows, and increase enforcement.

Linking the Formal and Informal Economy
Linking the Formal and Informal Economy

Author: Basudeb Guha-Khasnobis

Publisher: Oxford University Press, USA

Published: 2006-09-21

Total Pages: 313

ISBN-13: 0199204764

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A collection of studies on formality and informality in developing countries, this volume contains contributions from anthropologists, economists, sociologists, and political scientists. It argues for moving beyond the formal-informal dichotomy, and offers information to develop guiding principles for intervention.

The Global Informal Workforce
The Global Informal Workforce

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2021-07-23

Total Pages: 414

ISBN-13: 1513575910

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The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.