Comparing the Effects of Improving Economic and Political Institutions on per Capita Income in Oil-Exporting and Industrial Countries (in Persian)

Hasan Sobhani () and Saeed Bayat ()
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Hasan Sobhani: Professor of Economics, Faculty of Economics, University of Tehran, Iran.
Saeed Bayat: Ph.D Student, University of Tehran and Researcher in Monetary and Banking Research Institute, Iran

The Journal of Planning and Budgeting (٠صلنامه برنامه ریزی و بودجه), 2014, vol. 19, issue 1, 151-178

Abstract: This paper comparatively investigates different effects of improving economic and political institutions on per capita income in the countries whose institutional performance is evaluated either ideal or else. For this purpose, this study applies econometric analysis of cross-sectional data. In the econometric approach, the effect of improving institutions on per capita income of G20 countries is compared with that of oil-exporting countries. The results show that the effect of improving institutions on per capita income in oil exporting countries with low institutional performance is greater than that in G20 countries, where the institutional performance is visibly good. Hence, the constitutional law executives in oil exporting countries should try to improve their economic and political institutional arrangements more robustly than those in industrial states.

Keywords: Economic and Political Institutions; Per Capita Income; Cross-sectional Econometrics; Oil-Exporting Countries; G20 Countries (search for similar items in EconPapers)
JEL-codes: C21 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:auv:jipbud:v:19:y:2014:i:1:p:151-178

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