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We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions ""trumps"" everything else. Controlling for...
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world, using recently developed instruments for institutions and trade. Our results indicate that the quality of …
Persistent link: https://www.econbiz.de/10012469401
We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions 'trumps' everything else. Controlling for institutions,...
Persistent link: https://www.econbiz.de/10013317779
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