Growth and institutions

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

Alternative conceptions of the link between social and political institutions and economic growth are explored theoretically and empirically. A number of plausible hypotheses found in the literature are found to have distinct implications for social steady state, including the possibility of low income steady state institutional traps. Empirical evidence suggests considerable heterogeneity between countries in the nature of the link between institutions and economic activity, throwing doubt on the validity of standard cross-sectional growth equations. The application of cointegration techniques of analysis identifies a number of countries that may prove fruitful as the object of more detailed clinical analysis.

Original languageEnglish (US)
Pages (from-to)645-670
Number of pages26
JournalJournal of International Development
Volume13
Issue number6
DOIs
StatePublished - Oct 4 2001

Fingerprint

social institution
political institution
economic activity
economic growth
low income
income
evidence
economics
analysis
literature

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Development

Cite this

@article{0ffa7829ecc347779f505cf1bf8b0507,
title = "Growth and institutions",
abstract = "Alternative conceptions of the link between social and political institutions and economic growth are explored theoretically and empirically. A number of plausible hypotheses found in the literature are found to have distinct implications for social steady state, including the possibility of low income steady state institutional traps. Empirical evidence suggests considerable heterogeneity between countries in the nature of the link between institutions and economic activity, throwing doubt on the validity of standard cross-sectional growth equations. The application of cointegration techniques of analysis identifies a number of countries that may prove fruitful as the object of more detailed clinical analysis.",
author = "Fedderke, {Johannes Wolfgang}",
year = "2001",
month = "10",
day = "4",
doi = "10.1002/jid.805",
language = "English (US)",
volume = "13",
pages = "645--670",
journal = "Journal of International Development",
issn = "0954-1748",
publisher = "John Wiley and Sons Ltd",
number = "6",

}

Growth and institutions. / Fedderke, Johannes Wolfgang.

In: Journal of International Development, Vol. 13, No. 6, 04.10.2001, p. 645-670.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Growth and institutions

AU - Fedderke, Johannes Wolfgang

PY - 2001/10/4

Y1 - 2001/10/4

N2 - Alternative conceptions of the link between social and political institutions and economic growth are explored theoretically and empirically. A number of plausible hypotheses found in the literature are found to have distinct implications for social steady state, including the possibility of low income steady state institutional traps. Empirical evidence suggests considerable heterogeneity between countries in the nature of the link between institutions and economic activity, throwing doubt on the validity of standard cross-sectional growth equations. The application of cointegration techniques of analysis identifies a number of countries that may prove fruitful as the object of more detailed clinical analysis.

AB - Alternative conceptions of the link between social and political institutions and economic growth are explored theoretically and empirically. A number of plausible hypotheses found in the literature are found to have distinct implications for social steady state, including the possibility of low income steady state institutional traps. Empirical evidence suggests considerable heterogeneity between countries in the nature of the link between institutions and economic activity, throwing doubt on the validity of standard cross-sectional growth equations. The application of cointegration techniques of analysis identifies a number of countries that may prove fruitful as the object of more detailed clinical analysis.

UR - http://www.scopus.com/inward/record.url?scp=0034836616&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0034836616&partnerID=8YFLogxK

U2 - 10.1002/jid.805

DO - 10.1002/jid.805

M3 - Article

AN - SCOPUS:0034836616

VL - 13

SP - 645

EP - 670

JO - Journal of International Development

JF - Journal of International Development

SN - 0954-1748

IS - 6

ER -