institutions and economic growth

timer Asked: Apr 12th, 2017

Question description

The article below does a great job in summarizing the relevance of institutions for economic performance. We also saw how the growth model can accommodate the notion of institutional quality through the lens of a tax on capital.

For next class your task is to seamlessly blend the two perspectives in a "box". Your only sources shall be the textbook and the article. The theme question is what explains income differences across countries.

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