The Impact of Formal and Informal Institutions on Economic Growth


Book Description

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.




How Informal Institutions Matter


Book Description

In How Informal Institutions Matter, Zeki Sarigil examines the role of informal institutions in sociopolitical life and addresses the following questions: Why and how do informal institutions emerge? To ask this differently, why do agents still create or resort to informal institutions despite the presence of formal institutional rules and regulations? How do informal institutions matter? What roles do they play in sociopolitical life? How can we classify informal institutions? What novel types of informal institutions can we identify and explain? How do informal institutions interact with formal institutions? How do they shape formal institutional rules, mechanisms, and outcomes? Finally, how do existing informal institutions change? What factors might trigger informal institutional change? In order to answer these questions, Sarigil examines several empirical cases of informal institution as derived from various issue areas in the Turkish sociopolitical context (i.e., civil law, conflict resolution, minority rights, and local governance) and from multiple levels (i.e., national and local).




Informal Institutions


Book Description

Informal institutions, such as family and kinship structures, traditions, and social norms, have largely been overlooked in the international development debate. This book reflects the views and experiences of policy makers and experts in their search to make informal institutions an instrument for achieving development objectives.Dealing with informal institutions can be difficult in a context of weak states with poorly established governance structures. The authors here propose a pragmatic approach in which policies are adapted to local realities and conditions in order to maximise the positive impact on development. Incorporating informal institutions in development strategies will be instrumental in improving development outcomes, including achieving the Millennium Development Goals.This book is based on the conclusions of an international seminar organised by the OECD Development Centre and the Development Assistance Committee entitled, Informal Institutions: What do we know and what can we do? held in Paris on 11-12 December 2006.




The Long Shadow of Informality


Book Description

A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.




How Institutions Matter!


Book Description

This double volume presents a collection of 23 papers on how institutions matter to socio-economic life. The effort was seeded by the 2015 Alberta Institutions Conference, which brought together 108 participants from 14 countries and 51 different institutions.




Institutions, Institutional Change and Economic Performance


Book Description

An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.




Institutions and Democracy in Africa


Book Description

Offers new research on the vital importance of institutions, such as presidential term-limits in the African democratisation processes.




Corruption and Norms


Book Description

This book focuses on the role of norms in the description, explanation, prediction and combat of corruption. It conceives corruption as a ubiquitous problem, constructed by specific traditions, values, norms and institutions. The chapters concentrate on the relationship between corruption and social as well as legal norms, providing comparative perspectives from different academic disciplines, theoretical and methodological backgrounds, and various country-studies. Due to the nature of social norms that are embedded in personal, local, and organizational contexts, the contributions in the volume focus in particular on the individual and institutional level of analysis (micro and meso-mechanisms). The book will be of interest to students and scholars across the fields of political science, public administration, socio-legal studies and psychology.




The Global Informal Workforce


Book Description

The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.




Institutionalist Perspectives on Development


Book Description

This book depicts the role of both formal and informal institutions in achieving long-term economic efficiency and development. It is organized into three sections: the first section deals with the historical and political roots that make institutions favorable to development; the second section offers theoretical perceptions of immaterial institutions; the last section explores how the various official institutions – such as international organizations – interrelate with the process of development. As both the recent global financial crisis and the subsequent sovereign debt crisis within the Eurozone have shown, sustainable development is a combination of human, social and institutional factors that interact with each other and go beyond the strictly economic conditions of each country. With contributions from several countries in Europe as well as Iran, this volume offers readers an international and multidisciplinary perspective of the institutionalist determinants of growth in the long run.