Siivonen, Erkki; Luoma, Arto; Luoto, Jani - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2003
In this paper we explore how the environment offered by institutions influences long-run growth. In order for the estimation results to be trustworthy we control the reliability of the estimates in several ways. Firstly, we include the lagged level of output per worker in the model to control...