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Institutions, Education, and Economic Performance

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  • Lim, Jamus Jerome
  • Adams-Kane, Jonathon

Abstract

This paper considers the interactions between governance, educational outcomes, and economic performance. More specifically, we seek to establish the linkages by which institutional quality affect growth by considering its mediating impact on education. While the contribution of both human capital and institutions to growth are often acknowledged, the channels by which institutions affect human capital and, in turn, growth, has been relatively underexplored. Our empirical approach adopts a two-stage strategy that estimates national-level educational production functions which include institutional governance as a covariate, and uses these estimates as instruments for human capital in cross-country growth regressions.

Suggested Citation

  • Lim, Jamus Jerome & Adams-Kane, Jonathon, 2008. "Institutions, Education, and Economic Performance," MPRA Paper 11800, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:11800
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    Cited by:

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    2. Ghosh, Saibal, 2021. "How important is trust in driving financial inclusion?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 30(C).
    3. Shahbaz, Muhammad & Gozgor, Giray & Hammoudeh, Shawkat, 2019. "Human capital and export diversification as new determinants of energy demand in the United States," Energy Economics, Elsevier, vol. 78(C), pages 335-349.
    4. Jonathon Adams-Kane & Jamus Jerome Lim, 2016. "Institutional Quality Mediates the Effect of Human Capital on Economic Performance," Review of Development Economics, Wiley Blackwell, vol. 20(2), pages 426-442, May.
    5. Francesco Pasimeni & Paolo Pasimeni, 2016. "An Institutional Analysis of the Europe 2020 Strategy," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(3), pages 1021-1038, July.
    6. Idrissa Ouedraogo & Henri Ngoa Tabi & Henri Atangana Ondoa, 2020. "Effets de la qualité des institutions sur l'éducation en Afrique," African Development Review, African Development Bank, vol. 32(S1), pages 32-44, November.
    7. Ghulam Mustafa & Muhammad Jamil, 2018. "Testing the Governance-Productivity Nexus for Emerging Asian Countries," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 23(1), pages 143-169, Jan-June.
    8. Jeroen Klomp & Jakob Haan, 2013. "Political Regime and Human Capital: A Cross-Country Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 111(1), pages 45-73, March.
    9. Eric Yaw Naminse & Jincai Zhuang, 2018. "Does farmer entrepreneurship alleviate rural poverty in China? Evidence from Guangxi Province," PLOS ONE, Public Library of Science, vol. 13(3), pages 1-18, March.

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    More about this item

    Keywords

    Institutions; human capital; education; economic growth;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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