Economic reform and political stagnation: The inconsistent patterns of institutional change

Usman Khalid, Luke Okafor and Muhammad Shahbaz

Economics of Transition and Institutional Change, 2022, vol. 30, issue 4, 813-844

Abstract: This study examines whether convergence in institutional quality distinguished by economic and political dimensions of institutions has occurred across countries. The study uses data from 81 countries over the period of 1985 to 2018. The study tests the convergence hypothesis by using three different measures of institutional quality capturing political and economic dimensions of institutions. The empirical results show that convergence in economic institutional quality has occurred and most countries with weak economic institutions have a higher rate of change compared with countries with strong economic institutions. In contrast, for political institutions, the convergence process is short‐lived.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/ecot.12321

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:wly:ectrin:v:30:y:2022:i:4:p:813-844

Access Statistics for this article

More articles in Economics of Transition and Institutional Change from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().