Institutional framework and economic development: international evidence
AbstractThis paper examines the effect of 'quality' of the institutional framework on economic development. Our empirical results support the hypothesis that 'good' institutions improve efficiency and accelerate growth. The positive effect of institutional 'quality' is more pronounced with mutually reinforcing support of economic freedom. Our results also indicate that 'good' institutions help developing countries grow faster to achieve conditional convergence. We infer from the results that economic development requires not only physical and human capital formation, but also freedom to choose and institutional support.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 35 (2003)
Issue (Month): 17 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAEC20
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Abbas Grammy & Djeto Assane, 1997. "New Evidence on the effect of human capital on economic growth," Applied Economics Letters, Taylor & Francis Journals, vol. 4(2), pages 121-124.
- Lien, Da-Hsiang Donald, 1986. "A note on competitive bribery games," Economics Letters, Elsevier, vol. 22(4), pages 337-341.
- Mauro, Paolo, 1995. "Corruption and Growth," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 681-712, August.
- Keefer, Philip & Knack, Stephen, 1997. "Why Don't Poor Countries Catch Up? A Cross-National Test of Institutional Explanation," Economic Inquiry, Western Economic Association International, vol. 35(3), pages 590-602, July.
- Romer, Paul, 1994.
"New goods, old theory, and the welfare costs of trade restrictions,"
Journal of Development Economics,
Elsevier, vol. 43(1), pages 5-38, February.
- Paul M. Romer, 1994. "New Goods, Old Theory, and the Welfare Costs of Trade Restrictions," NBER Working Papers 4452, National Bureau of Economic Research, Inc.
- Beck, Paul J. & Maher, Michael W., 1986. "A comparison of bribery and bidding in thin markets," Economics Letters, Elsevier, vol. 20(1), pages 1-5.
- N. Gregory Mankiw & David Romer & David N. Weil, 1992.
"A Contribution to the Empirics of Economic Growth,"
NBER Working Papers
3541, National Bureau of Economic Research, Inc.
- Scully, Gerald W & Slottje, Daniel J, 1991. " Ranking Economic Liberty across Countries," Public Choice, Springer, vol. 69(2), pages 121-52, February.
- Erdogdu, Erkan, 2013.
"A cross-country analysis of electricity market reforms: Potential contribution of New Institutional Economics,"
Elsevier, vol. 39(C), pages 239-251.
- Erdogdu, E., 2012. "A cross country analysis of electricity market reforms: potential contribution of New Institutional Economics," Cambridge Working Papers in Economics 1232, Faculty of Economics, University of Cambridge.
- Erdogdu, Erkan, 2013. "A cross-country analysis of electricity market reforms: Potential contribution of New Institutional Economics," MPRA Paper 47496, University Library of Munich, Germany.
- 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.
- Vatcharin Sirimaneetham, 2006. "What drives liberal policies in developing countries?," Bristol Economics Discussion Papers 06/587, Department of Economics, University of Bristol, UK.
- Menkhoff, Lukas & Chodechai Suwanaporn, Chodechai, 2005.
"On the Rationale of Bank Lending in Pre-Crisis Thailand,"
Diskussionspapiere der Wirtschaftswissenschaftlichen FakultÃÂ¤t der Leibniz UniversitÃÂ¤t Hannover
dp-326, Leibniz UniversitÃ¤t Hannover, Wirtschaftswissenschaftliche FakultÃ¤t.
- Lukas Menkhoff & Chodechai Suwanaporn, 2007. "On the rationale of bank lending in pre-crisis Thailand," Applied Economics, Taylor & Francis Journals, vol. 39(9), pages 1077-1089.
- Johannes Fedderke & John Luiz & Raphael Kadt, 2008.
"Using fractionalization indexes: deriving methodological principles for growth studies from time series evidence,"
Social Indicators Research,
Springer, vol. 85(2), pages 257-278, January.
- Johannes Fedderke & J.M. Luiz & R.H. J. de Kadt, 2005. "Using Fractionalization Indexes: deriving methodological principles for growth studies from time series evidence," Working Papers 05, Economic Research Southern Africa.
- Erdogdu, Erkan, 2013. "Essays on Electricity Market Reforms: A Cross-Country Applied Approach," MPRA Paper 47139, University Library of Munich, Germany.
- Gregory Price, 2008. "NEA Presidential Address: Black Economists of the World You Cite!!," The Review of Black Political Economy, Springer, vol. 35(1), pages 1-12, March.
- Tamilina, Larysa & Tamilina, Natalya, 2012. "When formal institutions fail in fostering economic growth: the case of post-communist countries," MPRA Paper 48352, University Library of Munich, Germany, revised 01 Nov 2012.
- Efendic, Adnan & Pugh, Geoff & Adnett, Nick, 2011. "Institutions and economic performance: A meta-regression analysis," European Journal of Political Economy, Elsevier, vol. 27(3), pages 586-599, September.
- Tamilina, Larysa & Baklanova, Olena, 2012.
"Способы формирования контрактных институтов: эволюция versus революция
[Means of institutional formation: evolution versus revolution]," MPRA Paper 50172, University Library of Munich, Germany.
- Tamilina, Larysa & Baklanova, Olena, 2012.
"Способы формирования контрактных институтов как факторы экономического ростa: сравнительный анализ
[Means of e," MPRA Paper 50171, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.