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oapen-20.500.12657-273272022-04-26T11:15:50Z The Impact of Formal and Informal Institutions on Economic Growth Dobler, Constanze Case Cultural economics Dobler Economic Empirical institutional analysis Formal Growth Impact Informal Institutions MENA Political economics Region Study bic Book Industry Communication::J Society & social sciences::JH Sociology & anthropology bic Book Industry Communication::J Society & social sciences::JP Politics & government bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCA Economic theory & philosophy bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCG Economic growth bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCM Development economics & emerging economies bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCP Political economy bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCZ Economic history Regarding the Arab region, GDP per capita virtually stagnated for more than 20 years from 1980. During the same period, GDP per capita in the world’s highly industrialized states further increased and the gap between the Middle East and North Africa (MENA) and the highly developed countries widened. However, the differences between Arab countries and the Western states exist not only economically. The countries also differ regarding their political, legal, and social systems. This work explains the differences in development on the basis of institutional economics. In addition to a general theoretical part, an empirical analysis demonstrates the effects of institutions on income, and a historical case study explains the divergent development paths of the Arab region and selected advanced economies. 2019-01-10 23:55 2018-12-01 23:55:55 2019-01-10 03:00:32 2020-04-01T11:49:16Z 2020-04-01T11:49:16Z 2011-08-30 book 1002685 OCN: 1082952690 9783653008838 http://library.oapen.org/handle/20.500.12657/27327 eng Hohenheimer volkswirtschaftliche Schriften application/pdf n/a 1002685.pdf Peter Lang International Academic Publishers 10.3726/978-3-653-00883-8 10.3726/978-3-653-00883-8 e927e604-2954-4bf6-826b-d5ecb47c6555 9783653008838 65 250 Bern open access
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Regarding the Arab region, GDP per capita virtually stagnated for more than 20 years from 1980. During the same period, GDP per capita in the world’s highly industrialized states further increased and the gap between the Middle East and North Africa (MENA) and the highly developed countries widened. However, the differences between Arab countries and the Western states exist not only economically. The countries also differ regarding their political, legal, and social systems. This work explains the differences in development on the basis of institutional economics. In addition to a general theoretical part, an empirical analysis demonstrates the effects of institutions on income, and a historical case study explains the divergent development paths of the Arab region and selected advanced economies.
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