Fconomlc Growth TbdolEd

unpodlcrive lik rcnl sldn8, would dcp.nd upon ficn rebdve pavofts For insr0nc rap6n
h6 fcwr l.y6 $e oder, heM low resu@s dcvot d to Ml skioe ln dothcr sMt' D'
l,f,s rnl Shl.ifs (199:r) nnding lh€ cvide@ of Fld'rorv itcirutids in lrx Dolioi's -
rc8ld.d 6 q-Frpdalory - .$n $d d.e polici6 c kst tiadv in auteElic
somftnt s @p.8t b'noFtut@Eric or i@hxt- dtDllcd' gomaxs
4.2 Insdnrtions anil 9tclal TechaologQ
Th. prcrious dis6sion ontlines l*o scts oi ins rulioft This Fsrch sludv de6n€s
'nd
.hbo6Ls empiri@lly bow th* l*o kinls of in$nuions mtten, Accodinglv, insliluions
!d s8r.sEl€d inlo two tujd gNps nmclv Rhk rcd$iDs in liiulios md Antidnl sl(ine
iNriMioN. fn rhG idy, am iNitdio,tiiEn widl tehmlosks'is u*d to deerib'
inritutimr Th. llm '*id bcbelosiei e $@ NnlB d p'Dgm ol @ipc lhlt
3tcruE hme iDM.ion ond t€h.vior wilh *h ortF c sll 6 b 'nvimn@nt I' sh'p's
fi. ddisid na*ing praess (Ndh .nd W.llb 199'l; Bdop 1996 md D'v tnd w'll"
1987). 'ftis w6 lal€r romlizn by Nehon rd Smpd (2001) ihal *tEn tne$ rcutind e
inposd on wi.lies lhbueh fodql or infomtl mngetnr like laws or noms' th'y e
nadc \h. ru|es oI ttq aMe .hen@ in*itutionalizsl Nehon (2007) points oDt
''So.i.!tes d.oly tw a d.so. oI codrcl o|e/ iBtittttos liL the hml strutw of lrys
ddJbttul o'stuiotul &tiss atd &tigtu d aalnr treldiotdtDa."
P.lit(d {2ml) disinglisftB si.l tahmlos/ .!i iditurim in sinila tms a "umdi*r
: , €ipe ofdtcdnes, .nd "zr.s{diaB l tu16 of o|I:n6 so in L.gu.gp
oa Pclitfl, lditunbnaliz.d sid ach@lolJ/ @ Inc ruL morin