Meny

Du är här

The growth effects of institutional instability

Författare:
Publiceringsår: 2012
Språk: Engelska
Sidor: 187-224
Publikation/Tidskrift/Serie: Journal of Institutional Economics
Volym: 8
Nummer: 2
Dokumenttyp: Artikel
Förlag: Cambridge University Press

Sammanfattning

We study the effects of institutional instability on growth. Using principal components analysis, we construct measures of institutional quality and instability from the political risk index of the International Country Risk Guide. A panel-data analysis of 132 countries during 1984–2004 reveals that institutional quality, especially with regard to the legal system and the protection of property rights, is positively linked to growth. As for institutional instability, we find evidence of a positive relationship in rich countries but a negative link in poor countries, suggesting that instability may reduce problems of institutional sclerosis in the former and that instability primarily entails an increase in transactions costs and uncertainty in the latter.

Disputation

Nyckelord

  • Social Sciences

Övriga

Published
Yes
  • ISSN: 1744-1374

Box 117, 221 00 LUND
Telefon 046-222 00 00 (växel)
Telefax 046-222 47 20
lu [at] lu [dot] se

Fakturaadress: Box 188, 221 00 LUND
Organisationsnummer: 202100-3211
Om webbplatsen