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Institutional clusters and economic performance

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  • Jellema, Jon
  • Roland, Gerard

Abstract

We ran principal component regressions of growth and income on existing measures of institutions to assess which are the most important for economic performance. We find that broadly defined institutions of checks and balances as well as a democratic and anti-authoritarian culture are the most robust institutional determinants of long-run growth in income.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 79 (2011)
Issue (Month): 1 ()
Pages: 108-132

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Handle: RePEc:eee:jeborg:v:79:y:2011:i:1:p:108-132

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Web page: http://www.elsevier.com/locate/jebo

Related research

Keywords: Institutions; Development; Principal component analysis; Separation of powers; Culture;

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References

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Citations

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Cited by:
  1. Driffield, Nigel L. & Mickiewicz, Tomasz & Temouri, Yama, 2013. "Institutional reforms, productivity and profitability: From rents to competition?," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 583-600.
  2. Brousseau, Eric & Garrouste, Pierre & Raynaud, Emmanuel, 2011. "Institutional changes: Alternative theories and consequences for institutional design," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1), pages 3-19.
  3. Roman Horváth, 2012. "Does Trust Promote Growth?," Working Papers 319, Institut für Ost- und Südosteuropaforschung (Institute for East and South-East European Studies).
  4. van Hoorn, André & Maseland, Robbert, 2013. "Does a Protestant work ethic exist? Evidence from the well-being effect of unemployment," Journal of Economic Behavior & Organization, Elsevier, vol. 91(C), pages 1-12.
  5. Dang, D Anh, 2010. "Trade Liberalization and Institutional Quality: Evidence from Vietnam," MPRA Paper 26346, University Library of Munich, Germany, revised 31 Aug 2010.
  6. Vladimír Benácek & Helena Lenihan & Bernadette Andreosso-O’Callaghan & Eva Michalíková & Denis Kan, 2012. "Political Risk, Institutions and Foreign Direct Investment: How Do They Relate in Various European Countries?," Working Papers IES 2012/24, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2012.
  7. Blanco, Luisa R., 2013. "The impact of crime on trust in institutions in Mexico," European Journal of Political Economy, Elsevier, vol. 32(C), pages 38-55.

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