17 ⢠No. 4 ⢠October â December 2016. Institutions, Economic Growth and. Development: A Conversation with. Nobel Laureate Douglass North. Brian Snowdon.
Institutions, Economic Growth and Development: A Conversation with Nobel Laureate Douglass North Brian Snowdon
Key Points
World Economics • Vol. 17 • No. 4 • October – December 2016
107
Introduction
1
2
108
World Economics • Vol. 17 • No. 4 • October – December 2016
World Economics • Vol.17 • No. 4 • October – December 2016
109
Pioneer of the ‘New Economic History’
5 6
7
110
World Economics • Vol. 17 • No. 4 • October – December 2016
8
World Economics • Vol.17 • No. 4 • October – December 2016
111
From the ‘New’ Economic History to the ‘New’ Institutional Economics
9
10
112
World Economics • Vol. 17 • No. 4 • October – December 2016
Figure 1: Proximate and Fundamental Determinants of Growth
Economic Growth
Proximate Determinants: Physical and Human Capital, Labour, Total Factor Productivity