Institutional change and persistence: What does the long-run evidence tell us?

Antonio Savoia, Kunal Sen and Abrams M.E. Tagem

No wp-2024-39, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: There is a broad agreement that political and economic institutions matter for long-term development. Yet relatively little is known as to how to adopt good quality institutions and reform weak or poor institutions, for which one needs to know how institutions change. This paper provides a systematic econometric investigation of long-run patterns of institutional change, offering panel time series evidence that allows for different forms of country-specific heterogeneity and cross-section dependence.

Keywords: Institutions; Institutional change; Rule of law; Property rights; Constraints on the executive (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-gro and nep-his
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