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Instituciones y crecimiento económico: ¿consenso en la literatura?

Author

Listed:
  • Fernández-Torres, Yakira

    () (Universidad de Extremadura)

  • Díaz-Casero, Juan Carlos

    () (Universidad de Extremadura)

  • Ramajo-Hernández, Julián

    () (Universidad de Extremadura)

Abstract

El objetivo de este trabajo es analizar el grado de consenso alcanzado en la literatura científica sobre el impacto de las instituciones en el crecimiento económico, diferenciando en tres dimensiones según sean instituciones de naturaleza económica, política o social; así como su importancia y si es necesario promoverlas secuencialmente. Después de una revisión bibliográfica desde 1990 hasta hoy, como principal conclusión destacamos que, en general, los autores revisados constatan un efecto positivo de las instituciones económicas y el capital social y negativo si se trata de inestabilidad política, mientras para la libertad política se erigen resultados menos claros; así como se ha detectado la insuficiencia de estudios sobre las diferencias en impacto y necesidad de secuencias de implementación entre dimensiones, evidenciando la existencia de un amplio y necesario análisis pendiente. The aim of this paper is to analyze the degree of consensus in the literature on the impact of institutions on economic growth, for which we differentiate between three dimensions: economic, political and social institutions. After a literature review from 1990 to today, as main conclusion we find that, generally, the revised authors find a positive effect of economic institutions and social capital and negative effect of political instability, while political freedom has less clear results. On the other hand, it can also be concluded that there are insufficient studies on the differences in the estimated effects and the sequence of implementation between dimensions, showing the necessity of more empirical analysis about this topic.

Suggested Citation

  • Fernández-Torres, Yakira & Díaz-Casero, Juan Carlos & Ramajo-Hernández, Julián, 2017. "Instituciones y crecimiento económico: ¿consenso en la literatura?," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 37, pages 155-185.
  • Handle: RePEc:ris:invreg:0343
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    Keywords

    Nueva Economía Institucional; crecimiento económico; instituciones; calidad institucional;

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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