Seitlicher Blick auf das D4 Gebäude.

Klaus Prettner: Extractive institutions and the takeoff to long-run growth: A Schumpeterian perspective

22/04/2026

Why do some countries fall behind despite similar economic and demographic conditions?


This new paper shows that institutions are crucial: However, it’s not just how much elites extract, but how.
 

  • Taxing output delays growth

  • Suppressing innovation permanently reduces it

Extractive institutions and the takeoff to long-run growth: A Schumpeterian perspective

Klaus Prettner

© WU TV
Back to overview