Institutions and Economic Growth: Empirical Evidence for a Cross-National Analysis
The relationship between institutional infrastructure and economic growth rates across 43 nations between the years 1975-90 is examined. Within the framework of the neoclassical growth model, this study integrates a broad set of institutional variables which together proxy for the overall institutional infrastructure of an economy. Security of property rights, governance, political freedom and size of government are the indicators used in the study, facilitating identification of the most important institutions that account for the observed variations in economic growth rates among nations. Results indicate that security of property rights and size of government are the most significant institutions that explain the variations in economic growth rates.
|Date of creation:||2001|
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|Contact details of provider:|| Web page: http://www.clemson.edu/cafls/departments/aes/centers/cit/|
References listed on IDEAS
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- Dawson, John W, 1998. "Institutions, Investment, and Growth: New Cross-Country and Panel Data Evidence," Economic Inquiry, Western Economic Association International, vol. 36(4), pages 603-19, October.
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- Deepak Lal, 2001. "Unintended Consequences: The Impact of Factor Endowments, Culture, and Politics on Long-Run Economic Performance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262621541, June.
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- Seth W. Norton, 1998. "Poverty, Property Rights, and Human Well-Being: A Cross-National Study," Cato Journal, Cato Journal, Cato Institute, vol. 18(2), pages 233-245, Fall.
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