Growth and institutions

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

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

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Development

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