Institution and Development Revisited:A Nonparametric Approach
AbstractThe paper uses nonparametric methodology to examine the role of institutions in understanding differential levels of development across countries. This technique estimates first order derivatives for every country allowing a deeper look into the impact of institutions on development. The preliminary cross-country findings show that (i) institutional quality positively and significantly increases development quality; and (ii) results remain ‘robust’ for different model specifications and choice of additional control variables. The analysis is carried out for a set of 102 countries over 1980 to 2004. Similar to parametric results established in the literature, the nonparametric analysis lends further support to the view that institutions matter in the context of economic policies and geographic factors.
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Bibliographic InfoPaper provided by Economics Section, The Graduate Institute of International Studies in its series IHEID Working Papers with number 05-2008.
Date of creation: 11 Mar 2008
Date of revision: Mar 2008
Development; Institutions; Geography; Openness; Principal component; Nonparametric analysis;
Other versions of this item:
- Sudip Ranjan Basu & Monica Das, 2010. "Institution And Development Revisited: A Nonparametric Approach," UNCTAD Blue Series Papers 42, United Nations Conference on Trade and Development.
- C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
- P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
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