Institutions are man-made structures that are designed constraints and are meant for regulating the social, political, or economic interactions. The role of institutions is an important research area in developmental economics. The constitution, rules, policies, systems, procedures, principles, and arrangements can be considered as the institutions of a country. These can influence human interaction. Institutions are central for economic growth and development. The capabilities of institutions are highly dependent on the capacities of the state. The quality of economic institutions has a huge impact on the economic growth and development of an economy. This book attempts to understand the various aspects of economic development, growth and institutions. Also included herein is a detailed explanation of the impact of institutions on the economic growth. Coherent flow of topics, student-friendly language and extensive use of examples make this book an invaluable source of knowledge.

Contents
Chapter 1 Institutions and their Effects on Economy: An Overview
Chapter 2 A Theoretical Study of Institutions
Chapter 3 An Empirical Study of Institutions
Chapter 4 Middle Eastern and North African Region: Institutions and
Economic Development
Chapter 5 A Comparative Study of Institutional Development and its
Emergence
Chapter 6 Summary and Concluding Remarks