More Open – Better Governed? Evidence from High- and Low-income Countries
Författare
Summary, in English
Using World Bank data on institutional quality and the KOF Globalization Index, we examine over 100 countries from 1992 to 2010 to analyze the relationship between economic and social globalization and six measures of institutional quality. Theoretically, the incentives of elites to respond to globalization by improving institutions should differ between low-income and high-income countries. Empirically, increasing economic flows and social globalization are followed by improving institutions in rich countries, while the effect is the opposite for low-income countries. Previous findings of positive effects of trade on institutional quality are likely driven by rich countries.
Publiceringsår
2013
Språk
Engelska
Publikation/Tidskrift/Serie
IFN Working Paper
Issue
997
Länkar
Dokumenttyp
Working paper
Förlag
Research Institute of Industrial Economics, Stockholm
Ämne
- Economics
- Economic History
Status
Published