Bhupatiraju, Samyukta; Verspagen, Bart - United Nations University-Maastricht Economic Research … - 2013
by using a broader set of definitions for institutions, geography and economic variables. We use a multi-faceted database … institutions trump other factors (geography and trade) when we use GDP per capita as an independent variable. When we expand the … geography are all important variables. In this case, institutions no longer trump the other factors. In this case, we also find …