Seminar "Formation of institutions and their role in economic development"

Sofia Prozorovskaya (CeHistMet HSE University) presented a paper titled "Formation of institutions and their role in economic development: a comparative analysis of the extractive economies of Chile and Brazil" on May 16, 2025.

Abstract:

This paper analyzes the genesis of institutions and their impact on economic development using the extractive sector in Brazil and Chile as an example. Various aspects of institution formation are considered, such as geographical location, natural and climatic conditions, historical and cultural factors, and mode of production. An analysis of the relationship between the development of institutions and social factors, including social homogeneity and propensity for cooperation, is presented. The paper focuses on the economic efficiency of the current resource rent redistribution policy in the countries under consideration. Based on the comparative analysis, a conclusion is made about the heterogeneity of the development of institutional landscapes.