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Government Regulation and Policy trumps Courts in determining Economic Growth

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  • Mamoon, Dawood

Abstract

The paper evaluates the relative role of institutions and policy structure for a larger sample of developed and developing countries in determining economic growth. The paper finds that regulation and government effectiveness in formulating fiscal and monetary policy is closely related with economic growth more than the efficacy of rule of law. Unlike Rodrik et al (2004), social institutions that invest in human capabilities also matter equally if not more than independent judiciary. Globalization also works to the benefit of domestic polity and economy in income generation.

Suggested Citation

  • Mamoon, Dawood, 2017. "Government Regulation and Policy trumps Courts in determining Economic Growth," MPRA Paper 82454, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:82454
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    References listed on IDEAS

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    More about this item

    Keywords

    Regulation; Globalization; Economic Development;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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