INSTITUTION AND DEVELOPMENT REVISITED: A NONPARAMETRIC APPROACH

Sudip Ranjan Basu and Monica Das

No 42, UNCTAD Blue Series Papers from United Nations Conference on Trade and Development

Abstract: The paper uses nonparametric methodology to examine the role of institutions in understanding differential levels of development across countries. By using the Li-Racine (2004) generalized kernel estimation methodology, our paper allows a deeper look into the impact of institutions on development. 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 development of countries in the context of economic policies and geographic factors. There is minimal evidence to suggest that institutions have a negative impact on development. Our results further indicate (a) parametric estimates suffer from misspecification bias and (b) the impact of institutional quality on development quality is heterogeneous across countries and time periods.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://unctad.org/system/files/official-document/itcdtab41_en.pdf?Repec (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
Working Paper: Institution and Development Revisited:A Nonparametric Approach (2008)
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:unc:blupap:42

Access Statistics for this paper

More papers in UNCTAD Blue Series Papers from United Nations Conference on Trade and Development Contact information at EDIRC.
Bibliographic data for series maintained by Marco Fugazza ().