It is increasingly recognised that both formal and informal institutions could be important variables in explaining the diversity of capitalist systems. However, less is known about the relative importance of regional institutions for regional economic activity and regional development,...

This study aims to examine the Environmental Kuznets Curve (EKC) hypothesis in the case of 100 developed and developing nations by taking into account the role of institutional quality (IQ). Using generalized method of moments (GMM) estimators, we find an inverted U-shaped relationship between...