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Social divisions and institutions: Assessing institutional parameter heterogeneity

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Author Info
Isaksson, Ann-Sofie () (Department of Economics, School of Business, Economics and Law, Göteborg University)
Abstract

This paper investigates the hypothesis that the association between property rights institutions and economic performance is weaker in countries with high social divisions, as measured in terms of ethnic fractionalisation, income inequality, and a composite social division indicator. The results of empirical estimations for a cross-section of countries support this hypothesis and point to the importance of carefully evaluating the extent to which the institutions measure used captures the institutional framework applying for the population at large.

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File URL: http://hdl.handle.net/2077/9503
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Publisher Info
Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number 282.

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Length: 25 pages
Date of creation: 01 Feb 2008
Date of revision: 01 Aug 2008
Handle: RePEc:hhs:gunwpe:0282

Contact details of provider:
Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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Related research
Keywords: Property rights institutions; social divisions; parameter heterogeneity;

Find related papers by JEL classification:
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
P14 - Economic Systems - - Capitalist Systems - - - Property Rights
P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy

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