An investigation on the role of institutions for income and growth models

Economia Aplicada

Flávio Vilela Vieira²  Aderbal Oliveira Damasceno¹ 

[1] ,Universidade Federal de Uberlândia

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

DOI  :  10.1590/S1413-80502011000300001

来源: SciELO

【 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.

【 授权许可】

CC BY-NC   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License