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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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    4. Persson, Torsten, 2005. "Forms of Democracy, Policy and Economic Development," CEPR Discussion Papers 4938, Centre for Economic Policy Research.
    5. Yifu Lin, Justin & Nugent, Jeffrey B., 1995. "Institutions and economic development," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 38, pages 2301-2370, Elsevier.
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