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Economic Institutions and Human Well-Being: A Cross-National Analysis

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  • Seth W. Norton

    ()
    (Department of Business and Economics, Wheaton College)

Abstract

Economic institutions are widely thought to be important in enhancing human well-being. Other scholars emphasize geography in determining economic deprivation and development. This paper examines both types of factors and finds that property rights and economic freedom substantially reduce poverty and enhance economic development.

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File URL: http://college.holycross.edu/RePEc/eej/Archive/Volume29/V29N1P23_40.pdf
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Bibliographic Info

Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

Volume (Year): 29 (2003)
Issue (Month): 1 (Winter)
Pages: 23-40

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Handle: RePEc:eej:eeconj:v:29:y:2003:i:1:p:23-40

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Related research

Keywords: Development; Economic Institution; Institutions; Well Being;

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References

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  1. Andrei Shleifer & Robert W. Vishny, 1998. "The Quality of Government," Harvard Institute of Economic Research Working Papers 1847, Harvard - Institute of Economic Research.
  2. N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  3. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc.
  4. Porter, Philip K & Scully, Gerald W, 1995. " Institutional Technology and Economic Growth," Public Choice, Springer, vol. 82(1-2), pages 17-36, January.
  5. Brodsky, David A. & Rodrik, Dani, 1981. "Indicators of development and data availability: The case of the PQLI," World Development, Elsevier, vol. 9(7), pages 695-699, July.
  6. Easton, Stephen T & Walker, Michael A, 1997. "Income, Growth, and Economic Freedom," American Economic Review, American Economic Association, vol. 87(2), pages 328-32, May.
  7. repec:fth:oxesaf:98-8 is not listed on IDEAS
  8. Anderson, Terry L & Hill, Peter J, 1975. "The Evolution of Property Rights: A Study of the American West," Journal of Law and Economics, University of Chicago Press, vol. 18(1), pages 163-79, April.
  9. Dawson, John W, 1998. "Institutions, Investment, and Growth: New Cross-Country and Panel Data Evidence," Economic Inquiry, Western Economic Association International, vol. 36(4), pages 603-19, October.
  10. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross-Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, vol. 7(3), pages 207-227, November.
  11. Knack, Steve, 1996. " Institutions and the Convergence Hypothesis: The Cross-National Evidence," Public Choice, Springer, vol. 87(3-4), pages 207-28, June.
  12. Theil, Henri & Galvez, Janet, 1995. "On Latitude and Affluence: The Equatorial Grand Canyon," Empirical Economics, Springer, vol. 20(1), pages 163-66.
  13. Herbert G. Grubel, 1998. "Economic Freedom and Human Welfare: Some Empirical Findings," Cato Journal, Cato Journal, Cato Institute, vol. 18(2), pages 287-304, Fall.
  14. Smith, Vernon L, 1992. "Economic Principles in the Emergence of Humankind: Presidential Address to the Western Economic Association, June 30, 1991," Economic Inquiry, Western Economic Association International, vol. 30(1), pages 1-13, January.
  15. Scully, Gerald W, 1988. "The Institutional Framework and Economic Development," Journal of Political Economy, University of Chicago Press, vol. 96(3), pages 652-62, June.
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Citations

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Cited by:
  1. Doucouliagos, Chris & Ulubasoglu, Mehmet Ali, 2006. "Economic freedom and economic growth: Does specification make a difference?," European Journal of Political Economy, Elsevier, vol. 22(1), pages 60-81, March.
  2. Indra Soysa & Krishna Vadlammanati, 2013. "Do pro-market economic reforms drive human rights violations? An empirical assessment, 1981–2006," Public Choice, Springer, vol. 155(1), pages 163-187, April.
  3. Jakob De Haan & Susanna Lundström & Jan-Egbert Sturm, 2006. "Market-oriented institutions and policies and economic growth: A critical survey," Journal of Economic Surveys, Wiley Blackwell, vol. 20(2), pages 157-191, 04.
  4. Nathan J. Ashby, 2005. "Property Rights, Trade, And The Quality Of Life: A Cross-Sectional Analysis Using Alternative Measures," Working Papers 05-14 Classification- JEL, Department of Economics, West Virginia University.

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