Research Teams

Development and institutions

This group continues the work carried out by the IECON’s Development Area between 2010 and 2012. The group studies the role of institutions in development, conceived –both descriptively and normatively- as a multidimensional process. A broad perspective is taken on their origin and foundations, as well as in regard to which institutions have an impact on development, and how. In particular, institutions are seen as regularized patterns of social behavior and interaction. Our approach assumes that institutions in existence at a particular moment are the result of the coevolution of different “regularized patterns”, and are influenced by the actors involved in relation to their relative power. It is not enough to simply identify the partial effects of institutions on certain indicators of economic performance; the way in which specific constellations of institutions direct the behavior of agents in performing essential economic functions must be analyzed. The group’s primary research agenda is to elucidate the concrete causal mechanisms that connect institutional arrangements and performance. We apply this perspective primarily (although not exclusively) to the problems of capital accumulation, savings and innovation. We produce empirically based knowledge and aspire to engage with the relevant international professional community on theoretical matters. Our focus is on development issues in countries like Uruguay. However, countries of greater, as well as lesser, levels of productive sophistication are not ignored, and are taken as reference points from which to better understand the Uruguayan reality and as points of entry into the international discourse regarding development.


  Recent publications in the area
Author/s: Bianchi, Carlos; Galaso, Pablo; Palomeque, Sergio
Type of Publication : Working Papers
Language: English
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