Journal Article

Institutions and national development in Latin America: a comparative study

Alejandro Portes and Lori D. Smith

in Socio-Economic Review

Published on behalf of Society for the Advancement of Socio-Economics

Volume 8, issue 4, pages 585-621
Published in print October 2010 | ISSN: 1475-1461
Published online September 2010 | e-ISSN: 1475-147X | DOI: http://dx.doi.org/10.1093/ser/mwq018
Institutions and national development in Latin America: a comparative study

More Like This

Show all results sharing these subjects:

  • Moral Philosophy
  • Corporate Social Responsibility
  • Welfare Economics
  • Political Economy
  • Economic Sociology

GO

Show Summary Details

Preview

We review the theoretical and empirical literature on the role of institutions in national development as a prelude to presenting a more rigorous and measurable definition of the concept and a methodology to study this relationship at the national and subnational levels. The existing research literature features conflicting definitions of the concept of ‘institutions’ and empirical tests based mostly on reputational indices, with countries as units of analysis. The present study's methodology is based on a set of five strategic organizations studied comparatively in five Latin American countries. These include key federal agencies, public administrative organizations and stock exchanges. Systematic analysis of results shows a pattern of differences between economically oriented institutions and those entrusted with providing basic services to the general population. Consistent differences in institutional quality also emerge across countries, despite similar levels of economic development. Implications of the results for theory and for methodological practices of future studies in this field are discussed.

Keywords: institutions; development; organizations; Latin America; Boolean algebra; R11 regional economic activity, growth, development, and changes

Journal Article.  12291 words.  Illustrated.

Subjects: Moral Philosophy ; Corporate Social Responsibility ; Welfare Economics ; Political Economy ; Economic Sociology

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.