This paper analyzes the long-run dynamics between quality of institutions measured by recently developed Index of … cointegration tests and FM OLS (Fully Modified OLS) estimators are used to test for cointegration. Institutional quality and growth …

world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … on incomes, although they have a strong indirect effect by influencing the quality of institutions. Similarly, once ….e., negative) sign, although trade too has a positive effect on institutional quality. We relate our results to recent literature …

levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions …, insignificant direct effect on income, although trade too has a positive effect on institutional quality. We relate our results to …

world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … on incomes, although they have a strong indirect effect by influencing the quality of institutions. Similarly, once ….e., negative) sign, although trade too has a positive effect on institutional quality. We relate our results to recent literature …