Resumen
Institutions matter for economic growth. Thus, the leaders who help to develop institutions, and their ideas and beliefs, must play a central role in any narrative that seeks to explain such growth. This leads to the appearance of institutional entrepreneurs, who act in a given cultural and political environment. We focus on the problem of state building, where formal institutions designed by leaders must be consistent with a given society's existing informal institutions. We consider an analytical narrative focusing on the Chilean experience in the 19th century. This serves as an interesting quasi-natural experiment on the role of ideas, leaders, and institutions in the problem of economic growth and development.
Idioma original | Inglés |
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Páginas (desde-hasta) | 925-947 |
Número de páginas | 23 |
Publicación | Journal of Institutional Economics |
Volumen | 14 |
N.º | 5 |
DOI | |
Estado | Publicada - 2018 |
Publicado de forma externa | Sí |
Nota bibliográfica
Publisher Copyright:Copyright © Millennium Economics Ltd 2018.
Áreas temáticas de ASJC Scopus
- Economía, econometría y finanzas (todo)