Various indicators have been developed to assess the sustainability of countries. However, it remains theoretically and practically unclear whether it is possible to include institutions as an element of the sustainability indes. One of the main challenges is the substantial problem of missing...

The objective of this paper is to study the effect of institutional factors on economic growth of a set of 37 developed and developing countries for six successive periods of five years, from 1975 until 2000, using a static panel data model. The key findings generated by this empirical test...

Reducing institutional rigidities in product and labour markets is key to lowering unemployment. The impact of such labour and product market reforms, however, depends crucially on the country-specific regulatory framework. In this paper, we estimate the country-specific impact of changes in six...