INSTITUTIONS AS A FUNDAMENTAL CAUSE OF LONG-RUN GROWTH DARON ACEMOGLU 1 , Department of Economics, MIT, 50 Memorial Drive E52-3806, Cambridge, MA 02142 e-mail: damn@mit.edu SIMON JOHNSON Sloan School o f h f a ~ g e m e n t , MIT, 50 Memorial Drive, Cambridge, MA 02142 e-mail: sjohnson@mit.edu JAMES A. ROBINSON Deparhnent of Government, WCFIA, Harvard University, 1033 Massachusetts Avenue, Cambridge, MA 02138 e-mail: jmbinson@gov.harvard.edu Contents Abstract Keywords 1. Introduction
http://www.nber.org/papers/w10481 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 May 2004 Prepared for the Handbook of Economic Growth edited by Philippe Aghion and Steve Durlauf. We thank the editors for their patience and Leopoldo Fergusson, Pablo Querubín and Barry Weingast for their helpful suggestions. The views expressed herein are those of the author(s) and not necessarily those of the National Bureau of Economic Research. ©2004 by Daron Acemoglu, Simon Johnson
The economic framework of local governance The economic foundations of the local government of the Republic of Kazakhstan are: - Municipal property; - Local finance; - Property in state ownership and transferred to the management of local governments. The material and financial resources, which are the economic foundation of local government, determine in fact the efficiency of local government. The economic foundation for local governance is a set of legal norms that regulate social relations
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