Bhupatiraju, Samyukta; Verspagen, Bart - United Nations University-Maastricht Economic Research … - 2013
In this paper, we test the Rodrik et al (2004) framework to explain differences in development levels across countries … institutions trump other factors (geography and trade) when we use GDP per capita as an independent variable. When we expand the … dependent variable to include other aspects of development, such as growth and investment, we find that institutions, growth and …