A MODEL OF GROWTH AUGMENTED WITH INSTITUTIONS

José Aixalá and Gema Fabro

Economic Affairs, 2007, vol. 27, issue 3, 71-74

Abstract: This paper shows that the inclusion of institutional indicators in a traditional model of growth substantially improves its explanatory capacity. The results have implications for economic policy, because not all the dimensions of institutional quality influence growth to the same extent. A large sample of 165 countries and estimation methods with instrumental variables are used to solve endogeneity problems.

Date: 2007
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https://doi.org/10.1111/j.1468-0270.2007.00758.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:ecaffa:v:27:y:2007:i:3:p:71-74

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