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| Re: | Vizsla Breeder Wanted | | Ad: | I hate shopping http://www.vaimnemaailm.ee/index.php/tegevused endep 50 Important recent research argues that institutions are a fundamental cause of long-run economic growth (e.g., Acemoglu and Robinson 2006). Recognising that institutions can be formal (e.g., laws and regulations) or informal (e.g., customs and traditions), this line of inquiry has moved towards identifying which ones are the most important institutions and how they interact with each other. Economic historians excelled at this and highlight the role of both political institutions and financial institutions (Haber 1998, Musacchio 2009, Haber et al. 2008).
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