Fedderke, Johannes; Klitgaard, Robert; Akramov, Kamil - Economic Research Southern Africa (ERSA) - 2011
The paper examines how much governance matters for long run economic development in poor countries. Answering this … effects, and possible feedback from growth into governance will violate the exogeneity assumptions of many estimators. Bias … interaction between governance and growth shows considerable country-specificity. In the presence of heterogeneity, estimation …