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Growth and institutions

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  • Johannes Fedderke

    (University of the Witwatersrand, South Africa)

Abstract

Alternative conceptions of the link between social and political institutions and economic growth are explored theoretically and empirically. A number of plausible hypotheses found in the literature are found to have distinct implications for social steady state, including the possibility of low income steady state institutional traps. Empirical evidence suggests considerable heterogeneity between countries in the nature of the link between institutions and economic activity, throwing doubt on the validity of standard cross-sectional growth equations. The application of cointegration techniques of analysis identifies a number of countries that may prove fruitful as the object of more detailed clinical analysis. Copyright © 2001 John Wiley & Sons, Ltd.

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File URL: http://hdl.handle.net/10.1002/jid.805
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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

Volume (Year): 13 (2001)
Issue (Month): 6 ()
Pages: 645-670

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Handle: RePEc:wly:jintdv:v:13:y:2001:i:6:p:645-670

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Web page: http://www3.interscience.wiley.com/journal/5102/home

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References

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Citations

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Cited by:
  1. Wouter Ebben & Albert de Vaal, 2009. "Institutions and the Relation between Corruption and Economic Growth," DEGIT Conference Papers c014_014, DEGIT, Dynamics, Economic Growth, and International Trade.
  2. Tebaldi, Edinaldo & Elmslie, Bruce, 2008. "Do Institutions Impact Innovation?," MPRA Paper 8757, University Library of Munich, Germany.
  3. Edinaldo Tebaldi & Bruce Elmslie, 2008. "Institutions, Innovation And Economic Growth," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 33(2), pages 27-53, December.
  4. 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.
  5. Tebaldi, Edinaldo & Mohan, Ramesh, 2008. "Institutions-Augmented Solow Model And Club Convergence," MPRA Paper 10386, University Library of Munich, Germany.
  6. Johannes Fedderke & Robert Klitgaard & Kamil Akramov, 2011. "Heterogeneity Happens: How Rights Matter in Economic Development," Working Papers 220, Economic Research Southern Africa.

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