期刊名称：International Review of Management and Business Research
印刷版ISSN：2307-5953
电子版ISSN：2306-9007
出版年度：2021
卷号：10
期号：1
页码：80-99
DOI：10.30543/10-1(2021)-8
语种：English
出版社：Academy of IRMBR
摘要：This paper explores the impact of institutions on economic growth, measured in terms of Gross Domestic Product (GDP) per capita. A wide range of economic, non-economic, social, environmental and political factors contribute to economic growth and prosperity. Institutions are discussed as a range of array of regulatory and accountability mechanisms, beyond the boundaries of market functioning. This paper takes composite values of democracy index, vested interests, accountability, human rights and freedom of association and uses it as a proxy for institutions. A range of theoretical and empirical evidence, in addition to panel data analysis indicates positive role of institutions in economic growth.
关键词：Institutions;Democracy;Economic Growth;Investment;Fertility;Education;Inequality;Education;Government;Political Stability;Rule of Law;Life Expectancy;Panel Data
