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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…

Institutions for Infrastructure in Developing Countries

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, the environment, and development

Environmental problems may be classified by the scale of the relevant externalities. Some externalities are primarily local, for example, those concerning the management of┬áresources like forests, pastures and inland fisheries, or local air and water pollution. Others are mainly regional…

Media as a Tool for Institutional Change in Development

This paper reviews the channels through which the media can be a tool of institutional development, building the argument in two parts. First I focus on the media as a tool for accountability: by providing information on candidates ex ante,…

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