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  • 标题:An investigation on the role of institutions for income and growth models
  • 本地全文:下载
  • 作者:Vieira, Flávio Vilela ; Damasceno, Aderbal Oliveira
  • 期刊名称:Economia Aplicada
  • 印刷版ISSN:1413-8050
  • 电子版ISSN:1980-5330
  • 出版年度:2011
  • 卷号:15
  • 期号:3
  • 页码:339-368
  • DOI:10.1590/S1413-80502011000300001
  • 语种:English
  • 出版社:Economia Aplicada
  • 摘要:

    This work evaluates the role of institutions on per capita income levels (cross-section) and growth models (panel data). The cross-section results suggest that there is some evidence regarding the role of institutions since all the estimated coefficients are positive and statistically significant but there is evidence of weak instruments. The results from the panel growth models suggest that there is scarce evidence for the role of institutions in fostering long-run growth. In one word, there is no indication of an empirical consensus to claim that institutions have a primary role, meaning that institutions cause growth and difference in income levels.

  • 关键词:Modelos de Crescimento e Renda Per Capita;Instituições;Análise de Corte Transversal e Painel
  • 其他关键词:Per Capita Income and Growth Models;Institutions;Cross-Section and Panel Data Analysis
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