Institutions and the Political-Economy of Economic Growth - A Panel Data and Cross Section Application to Institutional Change and Economic Transition in the Post War Period

2012 ◽  
Author(s):  
Camilla Jensen
2021 ◽  
pp. 95-117
Author(s):  
Michael A. Wilkinson

<Online Only>This chapter examines how institutional change in post-war Europe reconstituted inter-state, state society, and social relations in such a way as to restrain sovereignty, depoliticize the economy, and deradicalize politics. The constitutionalism that developed in the post-war era, and the transformation in state-society relations that it signalled, had international, European, and domestic dimensions, which were themselves intertwined. Constitutionalism contributed significantly to the process of de-democratization, in combination with a demobilization of the masses and a de-radicalization of parties of the Left. The transformation of political problems into technical or legal issues, along with the decline of parliamentarism as a touchstone of political legitimacy, and the constitutionalization of the European Treaties, would be facilitated by the relatively high levels of economic growth during the Trente Glorieuses, which permitted welfare corporatism to complement the constitution of a passive authoritarian liberalism. The chapter concludes by noting how this set in motion a dynamic that takes a sharper turn in the ‘new neoliberalism’ of the 1980s.</Online Only>


Author(s):  
Ilke Civelekoglu ◽  
Basak Ozoral

In an attempt to discuss neoliberalism with a reference to new institutional economics, this chapter problematizes the role of formal institutions in the neoliberal age by focusing on a specific type of formal institution, namely property rights in developing countries. New institutional economics (NIE) argues that secure property rights are important as they guarantee investments and thus, promote economic growth. This chapter discusses why the protection of property rights is weak and ineffective in certain developing countries despite their endorsement of neoliberalism by shedding light on the link between the institutional structure of the state and neoliberalism in the developing world. With the political economy perspective, the chapter aims to build a bridge between NIE and political economy, and thereby providing fertile ground for the advancement of NIE.


2002 ◽  
Vol 96 (1) ◽  
pp. 252-253
Author(s):  
Benedict Stavis

While this book does not quite cover the broad range promised by its title, it does offer a sophisticated analysis of the privatization of rural industry in China, thick in social science theory and rich with empirical data.


Author(s):  
Stephen L. Elkin

This article describes the connection between political theory and political economy. It argues that political theorists need to take account of political economy in theorizing about the contemporary world because capitalism is the most powerful force at work in shaping the modern sociopolitical world. It also explains that economic questions concerning economic growth, the distribution of wealth and income, and role of markets are at the core of the political life in democratic societies.


1987 ◽  
Vol 63 (1) ◽  
pp. 91
Author(s):  
Blair Badcock ◽  
Gareth Rees ◽  
John Lambert

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