Economics at your fingertips  

How Much Do Non-performing Institutions Cost?

Сколько стоят неработающие институты?

Anna Petronevich, Maxim Petronevich, Natalia Akindinova and Sergey Aleksashenko

Post-Print from HAL

Abstract: The primary goal of this paper is to confirm the existence of the links and receive the quantitative measurement of the correlation between the quality of institutions and dynamics of their development, on the one hand, and GDP growth, on the other. For this analysis the extended database consisting of basic macroeconomic indicators and indices of quality of institutions for 51 countries for the period 2001—2009 was used. This study provides quantitative support to the common notion that economic growth in the long run is affected by the quality of institutions. Though this numeric effect may be viewed as relatively small, in the medium run the accumulated gap in the growth rate caused by permanently lower quality of institutions can be substantial. Moreover, the radical improvement in the quality of institutions provides more significant, though not lasting, addition to the growth rate.

Date: 2011
Note: View the original document on HAL open archive server:
References: Add references at CitEc
Citations: Track citations by RSS feed

Published in Voprosy Ekonomiki, Moskva : Izd-vo Pravda, 2011, 2011 (8)

Downloads: (external link) (application/pdf)

Related works:
Journal Article: How Much Do Non-performing Institutions Cost? (2011)
Working Paper: How Much Do Non-performing Institutions Cost? (2011) Downloads
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:

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

Page updated 2022-11-23
Handle: RePEc:hal:journl:hal-01692304