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Institutional Competition

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Type: Working Paper
Author: North, Douglass C.
Date: 1994
Series: Economic History, no. 9411001
URI: https://hdl.handle.net/10535/3760
Sector: Theory
Subject(s): institutions
economic development
Abstract: "My assignment for this conference is to explore the relevance of 'institutional competition' as a deliberate strategy in improving the competitiveness of economies. The historical record gives us a very mixed response with respect to the success of economies in deliberately altering the institutional framework and thereby improving performance. In what follows I shall first describe the nature of institutional change (I); briefly explore the historical record (II); then derive some lessons from that history that may have present day relevance (III)."

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