Economic Growth and Institutional Quality: Global and Income-Level Analyses

被引:18
|
作者
Fabro, Gema [1 ]
Aixala, Jose [1 ]
机构
[1] Univ Zaragoza, Dept Appl Econ, E-50009 Zaragoza, Spain
关键词
institutional quality; economic growth; development; CROSS-COUNTRY; DEMOCRACY; CORRUPTION; INVESTMENT; FREEDOM; GOVERNMENT; CONFLICT; PRODUCE; OTHERS;
D O I
10.2753/JEI0021-3624430409
中图分类号
F [经济];
学科分类号
02 ;
摘要
The aim of this paper is to quantify the importance of institutions in economic growth and to identify the factors that determine institutional quality. For this purpose, we estimate a system of simultaneous equations with an income equation and another one of institutional quality and use a broad sample of countries with very different levels of development. The analysis is also carried out for three sub-samples of different income levels. In addition, a test of the robustness of the results to econometric techniques is performed.
引用
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页码:997 / 1023
页数:27
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