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Statistical institutes and economic prosperity

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  • Philip Franses

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  • Rianne Legerstee

Abstract

The quality of economic institutions can impact economic growth and it can mediate the relation between economic growth and its drivers. We examine the relevance of one such institution, which is the establishment of a national statistical institute for, amongst others, national accounts. We collect data for 106 countries, and we estimate that there are four separate clusters of countries with similar establishment dates. For these clusters we fit regression models to explain economic growth, and we obtain significant differences across these clusters with respect to relevant explanatory variables and effect sizes, suggesting that a national statistics institute indeed is an important institution for the macro-economy. Copyright Springer Science+Business Media Dordrecht 2014

Suggested Citation

  • Philip Franses & Rianne Legerstee, 2014. "Statistical institutes and economic prosperity," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(1), pages 507-520, January.
  • Handle: RePEc:spr:qualqt:v:48:y:2014:i:1:p:507-520
    DOI: 10.1007/s11135-012-9784-2
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    References listed on IDEAS

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    1. Crespo Cuaresma, Jesus & Doppelhofer, Gernot, 2007. "Nonlinearities in cross-country growth regressions: A Bayesian Averaging of Thresholds (BAT) approach," Journal of Macroeconomics, Elsevier, vol. 29(3), pages 541-554, September.
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    5. North, Douglass C, 1994. "Economic Performance through Time," American Economic Review, American Economic Association, vol. 84(3), pages 359-368, June.
    6. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 407-443.
    7. Kalaitzidakis, Pantelis & Mamuneas, Theofanis P. & Savvides, Andreas & Stengos, Thanasis, 2001. "Measures of Human Capital and Nonlinearities in Economic Growth," Journal of Economic Growth, Springer, vol. 6(3), pages 229-254, September.
    8. Nelson, Richard R. & Sampat, Bhaven N., 2001. "Making sense of institutions as a factor shaping economic performance," Journal of Economic Behavior & Organization, Elsevier, vol. 44(1), pages 31-54, January.
    9. Ugur, Mehmet, 2010. "Institutions and economic performance: a review of the theory and evidence," MPRA Paper 25909, University Library of Munich, Germany, revised Oct 2010.
    10. Robert Summers & Alan Heston, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 327-368.
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    1. repec:gam:jjrfmx:v:10:y:2017:i:4:p:21-:d:118742 is not listed on IDEAS
    2. Philip Hans Franses & Eva Janssens, 2017. "Recovering Historical Inflation Data from Postage Stamps Prices," Journal of Risk and Financial Management, MDPI, Open Access Journal, vol. 10(4), pages 1-11, November.

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