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Institutions, Firms and Economic Growth - WP 04/19

Publication Details

  • Institutions, Firms and Economic Growth
  • Published: Sep 2004
  • Status: Current
  • Author: Frances, Jane
  • JEL Classification: D00; D20; J24; K00; L51; O40; P00; Z13
  • Hard copy: Available in HTML and PDF formats only.

Institutions, Firms and Economic Growth

New Zealand Treasury Working Paper 04/19

Published: September 2004

Author: Jane Frances


This paper reviews the literature on institutions and explores the ways in which institutions can influence economic growth, with a particular focus on how institutions affect the use that firms make of human capital to improve their productivity. It discusses the influence of underlying institutions, such as law and order and secure property rights, on the general environment within which the economic activities of production and exchange takes place. It also explores the influence of activity-specific institutions, such as labour market institutions, on firm decisions about resource use and innovation and through these on economic activity and economic growth.

Table of Contents

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Table of Contents

List of Figures

List of Tables

1 Introduction

2 Institutions and economic activity

3 Underlying institutions

4 Activity-specific institutions

5 Resource use within firms

6 Transactions and governance

7 Conclusions


twp04-19.pdf (378 KB) pp. 45

List of Tables

List of Figures


The views, opinions, findings, and conclusions or recommendations expressed in this Working Paper are strictly those of the author(s). They do not necessarily reflect the views of the New Zealand Treasury. The Treasury takes no responsibility for any errors or omissions in, or for the correctness of, the information contained in these working papers. The paper is presented not as policy, but to inform and stimulate wider debate.

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