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2013•Journal of Economic SurveysRequires access

INSTITUTIONS, ECONOMICS AND THE DEVELOPMENT QUEST

Duarte Nuno Leite, Sandra Silva, Óscar Afonso

Open publisher page 24 citations

Abstract

Abstract Institutions crucial for the analysis of how agents deal with uncertainty have been gaining increasing relevance on the economic research agenda. In this paper, we analyze the institutional literature aiming to explain why this perspective obtains better results than others in development economics. In particular, we stress the relevance of New Institutional Economics as an adequate framework for a broad understanding of development issues.

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Abstract Institutions crucial for the analysis of how agents deal with uncertainty have been gaining increasing relevance on the economic research agenda. In this paper, we analyze the institutional literature aiming to explain why this perspective obtains better results than others in development economics. In particular, we stress the relevance of New Institutional Economics as an adequate framework for a broad understanding of development issues.

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OpenAlex reports 24 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Abstract Institutions crucial for the analysis of how agents deal with uncertainty have been gaining increasing relevance on the economic research agenda. In this paper, we analyze the institutional literature aiming to explain why this perspective obtains better results than others in development economics. In particular, we stress the relevance of New Institutional Economics as an adequate framework for a broad understanding of development issues.

Key concepts: Relevance (law), Economics, Perspective (graphical), Institutional economics, Positive economics, Neoclassical economics, New institutional economics, Public economics

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