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Both institutional quality and institutional stability have been argued to stimulate economic growth. But to improve institutional quality, a country must endure a period of institutional change, which implies at least a little and possibly a lot of institutional instability. We investigate the...
Persistent link: https://www.econbiz.de/10013158839
The paper aims to examine the role of institutions relative to economic policy and geography in explaining the differential level of development across countries over time. To that end, it attempts to construct a Development Quality Index (DQI) and an Institutional Quality Index (IQI) using...
Persistent link: https://www.econbiz.de/10014214172
The paper aims to examine the role of institutions relative to economic policy and geography in explaining the differential level of development across countries over time. To that end, it attempts to construct a Development Quality Index (DQI) and an Institutional Quality Index (IQI) by using...
Persistent link: https://www.econbiz.de/10003875280
The paper uses nonparametric methodology to examine the role of institutions in understanding differential levels of development across countries. This technique estimates first order derivatives for every country allowing a deeper look into the impact of institutions on development. The...
Persistent link: https://www.econbiz.de/10003875282
This article builds upon the growing literature linking cross-national variation in political institutions to differences in economic outcomes. Specifically, it considers the impact of additional veto points (the executive, unicameral or bicameral legislatures, the judiciary and sub-federal...
Persistent link: https://www.econbiz.de/10014043969
This paper studies the effects and causal links between the shadow economy and the unemployment rate using a dynamic simultaneous-equation panel data model for 38 developing and 40 developed countries over the 2000−2015 period. The analysis suggests that there is a unidirectional and negative...
Persistent link: https://www.econbiz.de/10011998826
% of world income. By contrast, a gradual dismantling of genderbased discriminatory social institutions by 2030 could …
Persistent link: https://www.econbiz.de/10011580786
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
We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most indicators of institutional quality used to establish the proposition that institutions cause...
Persistent link: https://www.econbiz.de/10014071237
institutional quality affect FDI in the developing world. Our empirical findings based on 113 developing countries over the period …
Persistent link: https://www.econbiz.de/10011753945