Institutional clusters and economic performance

We ran principal component regressions of growth and income on existing measures of institutions to assess which are the most important for economic performance. We find that broadly defined institutions of checks and balances as well as a democratic and anti-authoritarian culture are the most robust institutional determinants of long-run growth in income.

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Year of publication:	2011
Authors:	Jellema, Jon ; Roland, Gerard
Published in:	Journal of Economic Behavior & Organization. - Elsevier, ISSN 0167-2681. - Vol. 79.2011, 1, p. 108-132
Publisher:	Elsevier
Subject:	Institutions \| Development \| Principal component analysis \| Separation of powers \| Culture

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Type of publication:	Article
Classification:	O40 - Economic Growth and Aggregate Productivity. General ; O47 - Measurement of Economic Growth; Aggregate Productivity ; O57 - Comparative Studies of Countries
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010573085