El papel de las ideas en la calidad de las instituciones
DOI:
https://doi.org/10.52195/pm.v12i1.148Abstract
The relevance of institutional quality to progress has been widely accepted in academia where we can find a growing number of studies focusing on the positive effects a better quality generates. Some of these effects include a higher per capita GDP, a larger volume of investments and innovation, better environmental quality and a higher standard of living.
Nevertheless, the present article, aims at considering a logically previous subject, which is not just the consequences of good institutions but its causes. Particularly, we try to respond to the following question: If institutional quality is so important for progress in society, what determines that some have achieved a better than others? The search for an answer will lead us to consider the role of ideas in the institutions that evolve in specific societies.
Key words: Institutions, Ideas, Institutional Change, Origin of Institutions, Theories on Institutional Change.
JEL Classification: P51, P52.
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