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Does The Impact Of Institutional Quality On Economic Growth Depend On Initial Income Level?

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  • José Aixalá
  • Gema Fabro

Abstract

"The aim of this paper is to determine the most adequate institutional variables to introduce into a growth model, depending on the income levels of countries. The results show that, for rich countries, the rule of law is fundamental while, for poor countries, it is control of corruption. This has important implications for any agenda of institutional reform in either type of country." Copyright (c) 2008 The Authors. Journal compilation (c) Institute of Economic Affairs 2008.

Suggested Citation

  • José Aixalá & Gema Fabro, 2008. "Does The Impact Of Institutional Quality On Economic Growth Depend On Initial Income Level?," Economic Affairs, Wiley Blackwell, vol. 28(3), pages 45-49, September.
  • Handle: RePEc:bla:ecaffa:v:28:y:2008:i:3:p:45-49
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    Cited by:

    1. Diaz del Hoyo, Juan Luis & Dorrucci, Ettore & Heinz, Frigyes Ferdinand & Muzikarova, Sona, 2017. "Real convergence in the euro area: a long-term perspective," Occasional Paper Series 203, European Central Bank.
    2. Law, Siong Hook & Lim, Thong Cheen & Ismail, Normaz Wana, 2013. "Institutions and economic development: A Granger causality analysis of panel data evidence," Economic Systems, Elsevier, vol. 37(4), pages 610-624.
    3. Efendic, Adnan & Pugh, Geoff & Adnett, Nick, 2011. "Institutions and economic performance: A meta-regression analysis," European Journal of Political Economy, Elsevier, vol. 27(3), pages 586-599, September.
    4. Enowbi Batuo, Michael & Fabro, Gema, 2009. "Economic Development, Institutional Quality and Regional integration: Evidence from Africa Countries," MPRA Paper 19069, University Library of Munich, Germany.
    5. Abdullahi Ahmed & Andrew Hulten, 2014. "Financial Globalization in Botswana and Nigeria: A Critique of the Thresholds Paradigm," The Review of Black Political Economy, Springer;National Economic Association, vol. 41(2), pages 177-203, June.
    6. Mohammad Reza Farzanegan & Stefan Witthuhn, 2014. "Demographic transition and political stability: Does corruption matter?," MAGKS Papers on Economics 201459, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    7. Kodila Tedika, Oasis, 2012. "Consequences De La Corruption : Panorama Empirique
      [Consequences of Corruption : Empirical survey]
      ," MPRA Paper 41482, University Library of Munich, Germany.
    8. repec:pid:journl:v:55:y:2016:i:4:p:675-688 is not listed on IDEAS

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