Institutions and Economic Growth of Landlocked Nations – part of dissertation

Subarna Basnet

No 156, CEsA Working Papers from CEsA - Centre for African and Development Studies

Abstract: The study tries to scratch the relationship between institutions and economic growth under the landlocked constraint through empirically growing correlated random effect model with the base of pooled ordinary least square model and supporting models of fixed and random effect model. It includes a balance panel of 134 nations for 16 periods (2144 observations). It concludes that both landlocked and institutions are important variables to increase the output of the country. Landlocked nation decreases economic growth by 36% than no-landlocked nations, but the estimation of remoteness from the center to nearest sea becomes insignificance. Similarly, one standard deviation increase in nine institutional variables individually, out of the seventeen variables, estimates ranges from 3%-9% increase in a standard deviation of the dependent variable gross domestic product per capita.

Date: 2017-08
New Economics Papers: this item is included in nep-gro
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