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Institutions, Diseases, and Economic Progress: A Unified Framework
journal contribution
posted on 2023-06-07, 22:03 authored by Sambit BhattacharyyaSambit BhattacharyyaThe sharp division between the 'institutions view' and the 'disease view' has been one of the distinctive features of the 'root causes of economic progress' literature. Based on evidence from cross-national data, the 'institutions school' claims that institutions are the only root cause of development, whereas the 'disease school' claims that diseases are also equally important. In this paper, I contribute to this literature by proposing a unified structure to marry the two conflicting views. I argue that overcoming diseases are of prime importance at an early stage of economic development, whereas institutions are more important at a later stage. I find support for this hypothesis in the development history literature on Africa, India, China and the Americas.
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Publication status
- Published
Journal
Journal of Institutional EconomicsISSN
1614-0559Publisher
Oxford University PressExternal DOI
Issue
1Volume
5Page range
65-87Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
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