Kartashov, Georgy - In: Quantile (2007) 2, pp. 141-157
may be in one of the two equilibrium types - producer equilibrium or grabber equilibrium. In a grabber equilibrium, growth … fosters economic growth, while institutions have no effect at all. Even though the empirical analysis supports the main result … growth rate. The econometric specification is a two-regime threshold regression, where a threshold value is also estimated …