Institution and Development Revisited:A Nonparametric Approach

Sudip Ranjan Basu
Authors registered in the RePEc Author Service: Monica Das

No 05-2008, IHEID Working Papers from Economics Section, The Graduate Institute of International Studies

Abstract: The paper uses nonparametric methodology to examine the role of institutions in understanding differential levels of development across countries. This technique estimates first order derivatives for every country allowing a deeper look into the impact of institutions on development. The preliminary cross-country findings show that (i) institutional quality positively and significantly increases development quality; and (ii) results remain ‘robust’ for different model specifications and choice of additional control variables. The analysis is carried out for a set of 102 countries over 1980 to 2004. Similar to parametric results established in the literature, the nonparametric analysis lends further support to the view that institutions matter in the context of economic policies and geographic factors.

Keywords: Development; Institutions; Geography; Openness; Principal component; Nonparametric analysis (search for similar items in EconPapers)
JEL-codes: C3 O10 O57 P51 R11 (search for similar items in EconPapers)
Pages: 22
Date: 2008-03-11, Revised 2008-03
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: INSTITUTION AND DEVELOPMENT REVISITED: A NONPARAMETRIC APPROACH (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:gii:giihei:heidwp05-2008

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