The 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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Paper provided by Economics Section, The Graduate Institute of International Studies in its series HEI Working Papers with number
05-2008.
Find related papers by JEL classification: 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, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes
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