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economic development, notably institutions and geography. This paper sheds a different light on these determinants. We use … spatial econometrics to analyse the importance of the geography of institutions. We show that it is not only absolute … geography, in terms of for instance climate, but also relative geography, the spatial linkages between countries, that matters …
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that geography's effects on development occurred exclusively through its effects on this historical institutional … in the natural resource base and physical geography (e.g. distance to coast), and by the amplification of those …, technology, and geography, and that none of these alone is sufficient to account for the diverse patterns of global growth. We …
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While it is clear that financial depth and economic diversity are prerequisites for the realisation of growth and development objectives, heterogeneous factors that determines financial development remains imperfectly understood. This ambiguity in the structural relations between varied...
Persistent link: https://www.econbiz.de/10012603080
economic development, notably institutions and geography. This paper sheds a different light on these determinants. We use … spatial econometrics to analyse the importance of the geography of institutions. We show that it is not only absolute … geography, in terms of for instance climate, but also relative geography, the spatial linkages between countries, that matters …
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