1 option
Do Institutions Cause Growth? / Edward L. Glaeser, Rafael La Porta, Florencio Lopez-de-Silane, Andrei Shleifer.
- Format:
- Book
- Author/Creator:
- Glaeser, Edward L.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w10568.
- NBER working paper series no. w10568
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2004.
- Summary:
- We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most indicators of institutional quality used to establish the proposition that institutions cause growth are constructed to be conceptually unsuitable for that purpose. We also find that some of the instrumental variable techniques used in the literature are flawed. Basic OLS results, as well as a variety of additional evidence, suggest that a) human capital is a more basic source of growth than are the institutions, b) poor countries get out of poverty through good policies, often pursued by dictators, and c) subsequently improve their political institutions.
- Notes:
- Print version record
- June 2004.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.