Searching for Growth-conducive Institutions in Emerging Economies: A Stochastic Frontier Analysis

Woon Kan Yap, Jenny Gryzelius and Andrew Tek Wei Saw

Politická ekonomie, 2023, vol. 2023, issue 5, 591-618

Abstract: This study aims to identify growth-conducive institutions unique to emerging economies. For that purpose, we examine the roles of Anglo-American institutions in fostering total factor productivity growth through the improvement of technical efficiency in emerging economies. Specifically, the impacts of the liberalistic and paternalistic types of regulatory institutions are discerned. The results show that institutional qualities such as reverence for the rule of law and effective governments robustly promote total factor productivity by improving technical efficiency, while voices of citizens and political stability exhibit a symbiotic relationship, where the efficacy of one of these qualities requires the sufficient prevalence of another. Regarding regulatory institutions, we found evidence that calls for protectionist policies to foster innovation, which is the key driver of technical efficiency.

Keywords: Institutional quality; total factor productivity; technical efficiency; stochastic frontier analysis; strategic niche management (search for similar items in EconPapers)
JEL-codes: J24 O43 O47 P48 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://polek.vse.cz/artkey/pol-202305-0005_searchi ... rontier-analysis.php (text/html)
http://polek.vse.cz/pdfs/pol/2023/05/05.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlpol:v:2023:y:2023:i:5:id:1398:p:591-618

Ordering information: This journal article can be ordered from
Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
http://polek.vse.cz

Access Statistics for this article

Politická ekonomie is currently edited by Jiřina Bulisová

More articles in Politická ekonomie from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().