Jellema, Jon; Roland, Gerard - In: Journal of Economic Behavior & Organization 79 (2011) 1, pp. 108-132
We ran principal component regressions of growth and income on existing measures of institutions to assess which are … the most important for economic performance. We find that broadly defined institutions of checks and balances as well as a … democratic and anti-authoritarian culture are the most robust institutional determinants of long-run growth in income. …