Catch-up in institutional quality: An empirical assessment

Arbeitspapier

There is a growing consensus among economists and policy makers that institutions matter for economic development and that institutional reforms should be a priority for developing economies. Considering the emphasis on institutional reforms, this study asks whether a catch-up in institutional quality has occurred across countries. The study uses data on 81 countries from 1985 to 2010 and tests the catch-up hypothesis using three different measures of institutional quality that capture both political and economic dimensions of institutions. The results indicate that a catch-up in economic institutional quality has occurred and that most countries with weak economic institutions have a higher rate of change than that of countries with strong economic institutions. In contrast, for political institutions, the catch-up process lasts only a few years.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CREDIT Research Paper ; No. 16/04

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Institutions and the Macroeconomy ; Capitalist Systems: Property Rights ; Trade Policy; International Trade Organizations ; Other Economic Systems: Performance and Prospects
• Thema: catch-up ; institutional change ; institutions

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Khalid, Usman
• Ereignis: Veröffentlichung
• (wer): The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT)
• (wo): Nottingham
• (wann): 2016

Weitere Informationen

• Handle: http://hdl.handle.net/10419/162745
• Letzte Aktualisierung: 20.09.2024, 08:22 MESZ