Djankov, SimeonGlaeser, EdwardLa Porta, RafaelLopez-de-Silanes, FlorencioShleifer, Andrei2014-05-052014-05-052003-05https://hdl.handle.net/10986/18185In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. The authors argue that, to understand capitalist institutions, one needs to understand the basic tradeoff between the costs of disorder and those of dictatorship. They then apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, and the politics of institutional choice.en-USCC BY 3.0 IGOCOMPARATIVE ECONOMICSECONOMIC DEVELOPMENTCOSTSINSTITUTIONAL ECONOMICSSOCIALISMCAPITALISMRESOURCE PLANNINGPRIVATE INSTITUTIONSPUBLIC INSTITUTIONSPROPERTY RIGHTSECONOMIC GROWTHGOVERNMENT REGULATIONSCORRUPTIONDICTATORSHIPDEMOCRACYECONOMIC REFORM ANTI-COMPETITIVE PRACTICESBANK SUPERVISIONBENCHMARKBENEFITSBRIBERYCAPITALIST SYSTEMSCASHCENTRAL GOVERNMENTCENTRAL PLANNINGCENTRALIZATIONCIVIL LAWCIVIL WARCOLONIZATIONCOMMON LAWCOMMUNISMCOMMUNISTCOMMUNIST PARTYCOMPARATIVE ECONOMICSCOMPETITIVE MARKETSCONSTITUTIONCONSTITUTIONALITYCONSUMERSCONTRACT ENFORCEMENTCORRUPTIONCRIMEDAMAGESDECISION-MAKINGDECISION-MAKING AUTHORITYDEMOCRACYDICTATORSDICTATORSHIPDISCLOSUREECONOMIC DEVELOPMENTECONOMIC EFFICIENCYECONOMIC GROWTHECONOMIC PERFORMANCEECONOMIC PROBLEMSECONOMIC REFORMECONOMIC REFORMSECONOMIC SYSTEMSECONOMICSECONOMISTSEMPIRICAL RESEARCHEMPIRICAL STUDIESEQUILIBRIUMETHNIC GROUPSFACTOR ENDOWMENTSFEDERALISMGOVERNMENT EXPROPRIATIONGOVERNMENT INTERVENTIONGOVERNMENT OWNERSHIPGOVERNMENT REGULATIONHUMAN CAPITALINCOMEINDUSTRIALIZATIONINEFFICIENCYINEQUALITYINSTITUTIONAL DEVELOPMENTINSTITUTIONAL QUALITYINSTITUTIONAL STRUCTUREJUDICIAL DECISIONSJUDICIARYLABOR MARKETSLAWSLEGAL ACTIONLEGAL ORIGINSLEGAL SYSTEMLEGAL SYSTEMSLEGISLATIONLEGISLATORSLOCAL INSTITUTIONSMANDATESMARKET DISCIPLINEMARKET ECONOMYMARKET POWERMINESMONOPOLIESPENALTIESPER CAPITA INCOMEPOLITICAL CONTROLPOLITICAL ECONOMYPOLITICAL LEADERSPOLITICAL SYSTEMPREDATORY PRICINGPRESIDENCYPRIVATE SECTOR DEVELOPMENTPRIVATIZATIONPROPERTY RIGHTSPUBLIC CONTROLPUBLIC ENTERPRISESPUBLIC GOODSPUBLIC INSTITUTIONSPUBLIC INVESTMENTSPUBLIC WELFAREREGULATORY AGENCYREGULATORY INSTITUTIONSREGULATORY SYSTEMRESOURCE ALLOCATIONRULE OF LAWSECURE PROPERTY RIGHTSSECURITIESSOCIAL CAPITALSOCIAL CONTROLSOCIAL COSTSSOCIAL POLICYSOCIALISMSTATE CONTROLSTATE INTERVENTIONSTATE OWNERSHIPSTATE POWERSUBJECTIVE ASSESSMENTSSUBVERSIONTAXATIONTECHNOLOGICAL CHANGETRANSITION ECONOMIESWEALTHECONOMIC REFORMANTI-COMPETITIVE PRACTICES10.1596/1813-9450-3054