Impact of Formal and Informal Institutions on Economic Growth: A Case Study on the Mena Region Constanze Dobler

ISBN: 9781299410299

Published: March 30th 2013

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256 pages


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Impact of Formal and Informal Institutions on Economic Growth: A Case Study on the Mena Region  by  Constanze Dobler

Impact of Formal and Informal Institutions on Economic Growth: A Case Study on the Mena Region by Constanze Dobler
March 30th 2013 | ebook | PDF, EPUB, FB2, DjVu, AUDIO, mp3, RTF | 256 pages | ISBN: 9781299410299 | 8.22 Mb

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 worlds highly industrialized states further increased and the gap between the Middle East and North AfricaMoreRegarding the Arab region, GDP per capita virtually stagnated for more than 20 years from 1980. During the same period, GDP per capita in the worlds 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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