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Institutional clusters and economic performance

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  • Jellema, Jon
  • Roland, Gerard

Abstract

We ran principal component regressions of growth and income on existing measures of institutions to assess which are the most important for economic performance. We find that broadly defined institutions of checks and balances as well as a democratic and anti-authoritarian culture are the most robust institutional determinants of long-run growth in income.

Suggested Citation

  • Jellema, Jon & Roland, Gerard, 2011. "Institutional clusters and economic performance," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1-2), pages 108-132, June.
  • Handle: RePEc:eee:jeborg:v:79:y:2011:i:1-2:p:108-132
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    References listed on IDEAS

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    Cited by:

    1. van Hoorn, André & Maseland, Robbert, 2013. "Does a Protestant work ethic exist? Evidence from the well-being effect of unemployment," Journal of Economic Behavior & Organization, Elsevier, vol. 91(C), pages 1-12.
    2. repec:eee:jcecon:v:46:y:2018:i:1:p:174-191 is not listed on IDEAS
    3. Horváth, Roman, 2013. "Does trust promote growth?," Journal of Comparative Economics, Elsevier, vol. 41(3), pages 777-788.
    4. Dang, D Anh, 2010. "Trade Liberalization and Institutional Quality: Evidence from Vietnam," MPRA Paper 26346, University Library of Munich, Germany, revised 31 Aug 2010.
    5. Wasseem Mina, 2017. "The Race to the Top: Institutional Clusters and World FDI Shares," Working Papers 1136, Economic Research Forum, revised 09 2003.
    6. Driffield, Nigel L. & Mickiewicz, Tomasz & Temouri, Yama, 2013. "Institutional reforms, productivity and profitability: From rents to competition?," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 583-600.
    7. Vladimír Benáček & Helena Lenihan & Bernadette Andreosso-O'Callaghan & Eva Michalíková & Denis Kan, 2014. "Political Risk, Institutions and Foreign Direct Investment: How Do They Relate in Various European Countries?," The World Economy, Wiley Blackwell, vol. 37(5), pages 625-653, May.
    8. Brousseau, Eric & Garrouste, Pierre & Raynaud, Emmanuel, 2011. "Institutional changes: Alternative theories and consequences for institutional design," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1-2), pages 3-19, June.
    9. Peter Lloyd & Cassey Lee, 2016. "A Review of the Recent Literature on the Institutional Economics Analysis of the Long-Run Performance of Nations," Department of Economics - Working Papers Series 2019, The University of Melbourne.
    10. Blanco, Luisa R., 2013. "The impact of crime on trust in institutions in Mexico," European Journal of Political Economy, Elsevier, vol. 32(C), pages 38-55.

    More about this item

    Keywords

    Institutions Development Principal component analysis Separation of powers Culture;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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