Institutional differences and capital accumulation explain why rich countries remain rich
the verdict
SUPPORTED
the evidence backs this
confidence 88/100
Multiple studies demonstrate that robust institutional frameworks and continuous capital accumulation are essential determinants of sustained economic growth and the persistence of wealth across nations.
Evidence for · 5
Human capital, institutional economics and entrepreneurship as a driver for quality & sustainable economic growth
2020 · cited by 142
Highlights institutional economics and human capital as core pillars driving sustainable economic growth.
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More for · 4
Bank stability and economic growth in Sub-Saharan Africa: trade-offs or opportunities? And how do institutions and bank capital affect this trade-off?
2024 · cited by 4
Demonstrates that institutional quality enhances the positive effects of capital on economic growth.
The Shaping Mechanism of Institutional Quality Differences on the Long-Term Economic Growth Path and Its Theoretical Explanation
2025 · cited by 0
Analyzes how property rights, transaction costs, and institutional quality shape long-term growth paths and development differences.
THE CONCEPT OF CAPITAL ACCUMULATION AND ECONOMIC GROWTH IN THE CLASSICAL SCHOOL OF POLITICAL ECONOMY
2022 · cited by 0
Examines classical political economy principles showing that capital accumulation and institutional environments are key growth drivers.
Joel Mokyr's Contribution to the Nobel Prize: The Economic Growth Theory of Knowledge Dissemination and Institutional Innovation
2026 · cited by 0
Discusses how institutional innovation and knowledge accumulation explain the Great Divergence and sustained economic growth.