Economic Growth and Institutional Quality: Global and Income-Level Analyses

Gema Fabro and José Aixalá

Journal of Economic Issues, 2009, vol. 43, issue 4, 997-1023

Abstract: The aim of this paper is to quantify the importance of institutions in economic growth and to identify the factors that determine institutional quality. For this purpose, we estimate a system of simultaneous equations with an income equation and another one of institutional quality and use a broad sample of countries with very different levels of development. The analysis is also carried out for three sub-samples of different income levels. In addition, a test of the robustness of the results to econometric techniques is performed.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:43:y:2009:i:4:p:997-1023

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DOI: 10.2753/JEI0021-3624430409

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