Fill 2Fill 2Fill 2Email IconIconPDFPhone IconIcon CopyES Logo 4 Cols

Publications

Please find below all publications from the EDI programme.

Formal Institutions and Development in Low-Income Countries: Positive and Normative Theory

This paper reviews and discusses the literature on formal institutions and development. We first discuss the mapping from institutions to economic development, with the main emphasis on the effect on economic growth. We thereafter discuss two main literatures on endogenous…

Formal and Informal Market Institutions: Embeddedness

Market exchange involves many cognitive and non-cognitive processes – e.g., search, inference, prediction, negotiation. Much attention has been devoted to these issues both in theory and in experimental economics. I focus on the enforcement of market transactions against opportunistic behavior….

Culture, Institutions, and Development

This paper presents a survey of the literature on culture in economics, emphasizing the effects of culture as well as the origins of cultural development. Research finds culture to have a large set of effects on economic behaviors, outcomes and …

The Dynamics of Family Systems: Lessons from Past and Present Times

This paper reviews the economic literature on how family systems respond to changes in resource endowments, outside economic opportunities, the development of markets, and surrounding institutions. On topics where economic contributions are scarce, we also provide insights from other disciplines,…

Institutions, Growth Accelerations and Growth Collapses

A next step forward in examining economic growth and institutions is examining the frequency, timing and magnitude of “growth episodes”—discrete accelerations and decelerations in medium to long run growth.  This will be challenging as to the extent that very long-run…

Institutions for Infrastructure in Developing Countries: What we know…and the lot we still need to know

The paper surveys the very heterogeneous economic literature on the scope and limits of efforts to match institutional constraints and needs, on the one hand, and infrastructure policy and project designs, on the other, to increase the odds of improving…

Institutions, Firm Financing and Growth

This paper reviews and synthesizes current knowledge on the role of institutions on firm financing and growth in developing countries. First, the paper presents stylized facts on the different institutional constraints under which firms in developing countries operate. Next, the…

Finance, Institutions and Development: Literature Survey and Research Agenda

This  paper  takes  stock  of  and  provides  a  critical  review  of  several  literatures,  notably  the theoretical  and  empirical  work  on  finance  and  growth  and  studies  on  the  determinants  of financial development. These two literatures are linked as the sustainable expansion…

Firms, Workers and Labor Markets

This paper provides a selective review of evidence from labor markets in low-incomecountries. The aim is to synthesize this literature to consolidate what is known about the key drivers of worker outcomes (including those of micro-entrepreneurs), …rm behavior, and the…