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The Analysis Of The Effect Of Dynamic Structure Of Institutions On Economic Growth

Author

Listed:
  • Selim Yildirim

    (Anadolu University)

Abstract

Institutional structure, in its most general form expresses any kind of cognitive habit that regulates relationship among individuals. Institutions are not structure without change, as the economic politic and social relations change institutional structure changes as well. Although institutions play a significant role in interaction among individuals it is a dynamic structure affected by relations among individuals. The dynamic structure of institutions affects the performance of the economy through securing property rights, catalyzing trade within and among countries, creating the suitable environment to innovate and establishing political stability. In this study the effect of institutions on economic growth is examined considering the institutions as a dynamic structure.

Suggested Citation

  • Selim Yildirim, 2010. "The Analysis Of The Effect Of Dynamic Structure Of Institutions On Economic Growth," Anadolu University Journal of Social Sciences, Anadolu University, vol. 10(3), pages 111-126, September.
    • Handle: RePEc:and:journl:v:10:y:2010:i:3:p:111-126
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    More about this item

    Keywords

    Institutional structure; economic growth; Aghion-Howitt model; dynamic panel data analysis;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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