Political institutions and economic growth reconsidered
The debate on the relationship between institutions and economic development is discussed, focusing on two illustrations, i.e., the impact of democracy and political instability on economic growth. Various pitfalls of existing research are identified, like sensitivity of the outcomes to model specification, sample heterogeneity, measurement of political variables, and the treatment of the time dimension. Copyright Springer Science+Business Media, LLC 2007
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Volume (Year): 131 (2007)
Issue (Month): 3 (June)
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