Institutions and Outcomes
Institutions and Outcomes
This chapter summarizes this volume's main findings with respect to persistence and mechanisms, examines the effect of state political and legal institutions on per capita income, and discusses important areas for future research. The overall focus on state per capita income is important here, because it represents an important measure of total economic activity in a society. Courts and legislatures may have other objectives, but arguably one of their functions is to maximize the size of the societal pie by offering incentives for economic activity. Moreover, the chapter argues that a better understanding of how and why institutions are persistent can inform efforts at change.
Keywords: state institutions, political institutions, legal institutions, future research, state per capita income, economic activity, state courts, state legislatures
Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.
