Vliv institucionálních faktorů na dlouhodobý ekonomický růst

Abstract

This study deals with the problem that arose as a result of mismatch conclusions of the new growth theory with observation of the objective reality, specifically from the perspective of the institutional economics. The aim of this work is to verify the initial assumption that institutional factors affect long-term economic growth, both in the theoretical description of economic reality, using the results of empirical measurements, but also by examples of the historical development of selected economies. All three of these paths ultimately clearly confirm the set assumption and lead inevitably to the conclusion about the need of creating a new growth theory, which would include also the influence of institutions. A prerequisite to this step was found here to complete a mathematization of institutional factors, which still haven't been done.