Calidad institucional y crecimiento económico: nuevos avances y evidencia

José Aixalá Pastó and Gema Fabro Esteban
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José Aixalá Pastó: Universidad de Zaragoza
Gema Fabro Esteban: Universidad de Zaragoza

EKONOMIAZ. Revista vasca de Economía, 2011, vol. 77, issue 02, 126-157

Abstract: The aim of this paper is to analyse the effect of institutions on economic growth. On the one hand, we present an analysis of the existing theoretical and empirical studies, which have achieved wide consensus regarding the positive effects of institutional quality. On the other hand, we identify a good number of pending questions and generated debates which require further research. For instance, not all institutional dimensions have the same impact on development and some authors do not agree with the thesis that the influence of geographical factors upon growth is only produced through institutions. Moreover, the type of indicator, the sample of countries and the methodology used may greatly condition the achieved results.

Keywords: economic growth; institutional quality (search for similar items in EconPapers)
JEL-codes: E26 O17 O47 P47 (search for similar items in EconPapers)
Date: 2011
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