Institution x Growth (BJPE)

Which institution is the key for growth? call for paper by Brazilian Journal of Political Economy (BJPE). “Institutions have a well-known role in economic development. Good iinstitutions are a cause as well as a consequence of it. One fundamental question is which institution plays this role in capitalist societies. Douglass North, in his classical book on institutions (Institutions, Institutional Change and Economic Performance, 1990) identified it as the guarantee of property rights and contracts; Luiz Carlos Bresser Pereira, in Globalization and Competition (2010) criticized this position and offered as alternative the existence of an informal national development strategy.” See pdf attached