The recent empirical growth literature has proposed three underlying fundamental determinants of economic growth, namely, physical geography, economic integration and institutional quality. This paper unpacks the final determinant into both political-economic institutions as well as the primarily political institution of democratic development. Using both cross-sectional and panel datasets, we show that, properly instrumented, there is no evidence that democracies grow faster or slower than non-democracies. This result is in contrast to much of the more recent literature, which tends to find a weakly positive relationship. Political- economic institutions, however, remain positive and significant determinants of economic growth, which corro...
Analysis of the factors determining rates of economic growth has found that country-specific charact...
Traditional economic growth regressions are not adequate to identify the role of political instituti...
Africa's disappointing economic performance, the East Asian financial crisis, and the weak record of...
The recent empirical growth literature has proposed three underlying fun-damental determinants of ec...
The recent empirical growth literature has proposed three underlying fun-damental determinants of ec...
After a decade of research on the relationship between institutions and growth, scholars in this fie...
ACL-1International audienceAfter a decade of research on the relationship between institutions and g...
We revisit the debate over whether political institutions cause economic growth, or whether, alterna...
Economic growth is a complex process involving many dimensions, causal forces and transmission mecha...
Does democracy in the political realm foster or hinder economic growth? Our discussion of this quest...
WOS: 000291553900010The neoclassical prediction, which is that lower income countries tend to grow f...
This paper explores the effect of political institutions on economic development via its causation o...
We reviewed the empirical evidence for the effect of institutions on per capita GDP growth. Although...
This paper challenges cross-sectional findings that democratic institutions have a negligible direct...
This dissertation argues that work in the New Institutional Economics has yet to live up to its prom...
Analysis of the factors determining rates of economic growth has found that country-specific charact...
Traditional economic growth regressions are not adequate to identify the role of political instituti...
Africa's disappointing economic performance, the East Asian financial crisis, and the weak record of...
The recent empirical growth literature has proposed three underlying fun-damental determinants of ec...
The recent empirical growth literature has proposed three underlying fun-damental determinants of ec...
After a decade of research on the relationship between institutions and growth, scholars in this fie...
ACL-1International audienceAfter a decade of research on the relationship between institutions and g...
We revisit the debate over whether political institutions cause economic growth, or whether, alterna...
Economic growth is a complex process involving many dimensions, causal forces and transmission mecha...
Does democracy in the political realm foster or hinder economic growth? Our discussion of this quest...
WOS: 000291553900010The neoclassical prediction, which is that lower income countries tend to grow f...
This paper explores the effect of political institutions on economic development via its causation o...
We reviewed the empirical evidence for the effect of institutions on per capita GDP growth. Although...
This paper challenges cross-sectional findings that democratic institutions have a negligible direct...
This dissertation argues that work in the New Institutional Economics has yet to live up to its prom...
Analysis of the factors determining rates of economic growth has found that country-specific charact...
Traditional economic growth regressions are not adequate to identify the role of political instituti...
Africa's disappointing economic performance, the East Asian financial crisis, and the weak record of...