Crombrugghe, Denis de; Farla, Kristine - United Nations University-Maastricht Economic Research … - 2012
's institutions by the degree of formalization of its regulations, the depersonalization of their implementation, and by the degree of … endogeneity in the data and/or by bias. In addition, we find evidence of a strong relationship between institutions and income … levels; however, we find no such evidence on growth rates. We find mixed evidence for a relationship between institutions and …