Institutions and Economic Growth: A Cross country Evidence

Danish Siddiqui and Masood Qazi ()

MPRA Paper from University Library of Munich, Germany

Abstract: The role of institutions in promoting economic growth and development has generated considerable interest among researchers and practitioners in recent years. This paper explores the role of state institutions in promoting growth using a GMM econometric model. Specifically it attempted to test impact of two dimensions of institutions on growth using recently developed index of institutionalized social technologies and its sub indices namely Risk reducing technologies and Anti rent seeking technologies. The result suggests a strong causal link between institutional quality and economic performance, and also confirms conditional convergence as predicted in the modern theories of growth

Keywords: institutions; social technologies; index; GMM; social capital; growth; rent seeking; rent seeking; risk; corruption; property rights (search for similar items in EconPapers)
JEL-codes: D72 E02 O43 P48 Z1 Z13 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-fdg and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19747

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