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Do institutions matter for growth? Evidence from East Asian countries

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  • Ahmad, Mahyudin
  • Hall, Stephen G.

Abstract

Utilizing neoclassical growth framework augmented with institutional controls and latest estimation technique in panel data analysis, this study identifies the crucial institutional qualities in East Asian and other developing countries and uncovers the channel of their effects toward economic growth. Furthermore, it extends the empirical evidence on the institutional importance toward economic growth in the developing countries particularly the East Asian countries which, apart from Rodrik (1997) and Campos and Nugent (1999), have somehow been left out from the empirical investigation.

Suggested Citation

  • Ahmad, Mahyudin & Hall, Stephen G., 2012. "Do institutions matter for growth? Evidence from East Asian countries," MPRA Paper 42158, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:42158
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    File URL: https://mpra.ub.uni-muenchen.de/42158/1/MPRA_paper_42158.pdf
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    References listed on IDEAS

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    4. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, June.
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    6. Abdelhak Senhadji, 2000. "Sources of Economic Growth: An Extensive Growth Accounting Exercise," IMF Staff Papers, Palgrave Macmillan, vol. 47(1), pages 1-6.
    7. Rodrik, Dani, 1997. "TFPG Controversies, Institutions, and Economic Performance in East Asia," CEPR Discussion Papers 1587, C.E.P.R. Discussion Papers.
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    More about this item

    Keywords

    Institutions; economic growth; Asian Financial Crisis; dynamic panel analysis; generalized methods of moments;

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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