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Political Institutions, Trade Openness, and Economic Growth: New Evidence

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  • Michaël Bonnal
  • Mehmet E. Yaya

Abstract

We present new evidence on the relationship between political institutions, trade openness, and economic growth using a panel of over 200 countries and eight nonoverlapping five-year average observations for 1975–2010. We explore (1) whether political institutions lead to lower economic growth rates and (2) whether income per capita and trade openness curb the persistence of these institutions. The panel data estimation results suggest that most of our political institution proxies do not hinder economic growth. However, increases in per capita income, trade openness, and education curtail the persistence of these political institutions.

Suggested Citation

  • Michaël Bonnal & Mehmet E. Yaya, 2015. "Political Institutions, Trade Openness, and Economic Growth: New Evidence," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 51(6), pages 1276-1291, November.
  • Handle: RePEc:mes:emfitr:v:51:y:2015:i:6:p:1276-1291
    DOI: 10.1080/1540496X.2015.1011514
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    Cited by:

    1. Michaela Ftoreková & Michal Mádr, 2017. "The Rule of Law and Economic Growth in the Balkan States," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 3(1), pages 13-20.
    2. Shahid Iqbal & Abdul Qayyum Khan & Muhammad Yar Khan & Lamya Al-Aali, 2021. "The Dynamics of Financial Development, Government Quality, and Economic Growth in Different Groups of Economies," Sustainability, MDPI, Open Access Journal, vol. 13(14), pages 1-14, July.

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