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Economic Institutions and Human Well-Being: A Cross-National Analysis

Author

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  • Seth W. Norton

    () (Department of Business and Economics, Wheaton College)

Abstract

Economic institutions are widely thought to be important in enhancing human well-being. Other scholars emphasize geography in determining economic deprivation and development. This paper examines both types of factors and finds that property rights and economic freedom substantially reduce poverty and enhance economic development.

Suggested Citation

  • Seth W. Norton, 2003. "Economic Institutions and Human Well-Being: A Cross-National Analysis," Eastern Economic Journal, Eastern Economic Association, vol. 29(1), pages 23-40, Winter.
  • Handle: RePEc:eej:eeconj:v:29:y:2003:i:1:p:23-40
    as

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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume29/V29N1P23_40.pdf
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    References listed on IDEAS

    as
    1. Smith, Vernon L, 1992. "Economic Principles in the Emergence of Humankind: Presidential Address to the Western Economic Association, June 30, 1991," Economic Inquiry, Western Economic Association International, vol. 30(1), pages 1-13, January.
    2. repec:fth:oxesaf:98-8 is not listed on IDEAS
    3. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 1999. "The Quality of Government," Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(1), pages 222-279, April.
    4. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross-Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, vol. 7(3), pages 207-227, November.
    5. Easton, Stephen T & Walker, Michael A, 1997. "Income, Growth, and Economic Freedom," American Economic Review, American Economic Association, vol. 87(2), pages 328-332, May.
    6. Scully, Gerald W, 1988. "The Institutional Framework and Economic Development," Journal of Political Economy, University of Chicago Press, vol. 96(3), pages 652-662, June.
    7. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    8. Knack, Steve, 1996. "Institutions and the Convergence Hypothesis: The Cross-National Evidence," Public Choice, Springer, vol. 87(3-4), pages 207-228, June.
    9. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 83-116.
    10. Brodsky, David A. & Rodrik, Dani, 1981. "Indicators of development and data availability: The case of the PQLI," World Development, Elsevier, vol. 9(7), pages 695-699, July.
    11. Theil, Henri & Galvez, Janet, 1995. "On Latitude and Affluence: The Equatorial Grand Canyon," Empirical Economics, Springer, vol. 20(1), pages 163-166.
    12. Porter, Philip K & Scully, Gerald W, 1995. "Institutional Technology and Economic Growth," Public Choice, Springer, vol. 82(1-2), pages 17-36, January.
    13. Dawson, John W, 1998. "Institutions, Investment, and Growth: New Cross-Country and Panel Data Evidence," Economic Inquiry, Western Economic Association International, vol. 36(4), pages 603-619, October.
    14. Seth W. Norton, 1998. "Poverty, Property Rights, and Human Well-Being: A Cross-National Study," Cato Journal, Cato Journal, Cato Institute, vol. 18(2), pages 233-245, Fall.
    15. Anderson, Terry L & Hill, Peter J, 1975. "The Evolution of Property Rights: A Study of the American West," Journal of Law and Economics, University of Chicago Press, vol. 18(1), pages 163-179, April.
    16. repec:hrv:faseco:30747160 is not listed on IDEAS
    17. Eggertsson,Thrainn, 1990. "Economic Behavior and Institutions," Cambridge Books, Cambridge University Press, number 9780521348911, April.
    18. Herbert G. Grubel, 1998. "Economic Freedom and Human Welfare: Some Empirical Findings," Cato Journal, Cato Journal, Cato Institute, vol. 18(2), pages 287-304, Fall.
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    Citations

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    Cited by:

    1. Nathan J. Ashby, 2005. "Property Rights, Trade, And The Quality Of Life: A Cross-Sectional Analysis Using Alternative Measures," Working Papers 05-14 Classification- JEL, Department of Economics, West Virginia University.
    2. Indra Soysa & Krishna Vadlammanati, 2013. "Do pro-market economic reforms drive human rights violations? An empirical assessment, 1981–2006," Public Choice, Springer, vol. 155(1), pages 163-187, April.
    3. Jakob De Haan & Susanna Lundström & Jan-Egbert Sturm, 2006. "Market-oriented institutions and policies and economic growth: A critical survey," Journal of Economic Surveys, Wiley Blackwell, vol. 20(2), pages 157-191, April.
    4. Doucouliagos, Chris & Ulubasoglu, Mehmet Ali, 2006. "Economic freedom and economic growth: Does specification make a difference?," European Journal of Political Economy, Elsevier, vol. 22(1), pages 60-81, March.

    More about this item

    Keywords

    Development; Economic Institution; Institutions; Well Being;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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