Law, Siong Hook; Lim, Thong Cheen; Ismail, Normaz Wana - In: Economic Systems 37 (2013) 4, pp. 610-624
This study examines the causal relationship between institutions and economic development using a panel Granger causality test. The study incorporates two institutional datasets, the International Country Risk Guide (ICRG) and World Governance Indicators (WGI). The empirical results based on 60...
