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Institutional clusters and economic performance

  • Jellema, Jon
  • Roland, Gerard

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.

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Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 79 (2011)
Issue (Month): 1-2 (June)
Pages: 108-132

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Handle: RePEc:eee:jeborg:v:79:y:2011:i:1-2:p:108-132
Contact details of provider: Web page: http://www.elsevier.com/locate/jebo

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