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The Impact Of Institutional Quality On Economic Growth And Development: An Empirical Study

Author

Listed:
  • Elisa Valeriani

    (University of Modena and Reggio Emilia, Italy)

  • Sara Peluso

    (University of Modena and Reggio Emilia, Italy)

Abstract

During the last twenty years economics literature and debates have increasingly referred to institutions as the answers to the longstanding questions concerning how economic growth arises, what policies can be used to promote best results in terms of economic performances and what accounts for differences in GDP levels among countries so that the analysis of the institutional framework under which any economy operates has now become an indispensable object of research. This paper will investigate the impact of institutional quality on economic growth over sixty years among countries at different stages of development recurring to three institutional indicators tested through a pooled regression model and a fixed effects model.

Suggested Citation

  • Elisa Valeriani & Sara Peluso, 2011. "The Impact Of Institutional Quality On Economic Growth And Development: An Empirical Study," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(6), pages 1-25, October.
  • Handle: RePEc:spp:jkmeit:1203
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    References listed on IDEAS

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    1. Nellis, J., 1999. "Time to Rethink Privatization in Transition Economies?," Papers 38, World Bank - International Finance Corporation.
    2. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
    3. Torsten Persson, 2005. "Forms of Democracy, Policy and Economic Development," NBER Working Papers 11171, National Bureau of Economic Research, Inc.
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    Citations

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    Cited by:

    1. Cosmin Marinescu, 2013. "Institutional Quality of the Business Environment: Some European Practices in a Comparative Analysis," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(33), pages 270-287, February.
    2. Greg Ekpung Edame & Okoiarikpo Benjamin Okoi, 2015. "Energy Consumption, Institutional Quality and the Performance of the Manufacturing Sector in Nigeria (1999-2013)," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 801-804.
    3. Nawaz, Saima, 2011. "The Institutions-Growth Nexus: Stages of Development," MPRA Paper 36961, University Library of Munich, Germany.
    4. Becherair, Amrane, 2014. "Institutions and Economic Growth in the MENA Countries: An Empirical Investigation by Using Panel data model," MPRA Paper 57683, University Library of Munich, Germany, revised 04 Aug 2014.
    5. Ceyhun Haydaroglu, 2015. "The Relationship between Property Rights and Economic Growth: an Analysis of OECD and EU Countries," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 4, pages 217-239, December.
    6. Saima Nawaz & Nasir Iqbal & Muhammad Arshad Khan, 2014. "The Impact of Institutional Quality on Economic Growth: Panel Evidence," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 53(1), pages 15-31.

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