Do institutions cause growth?
By: Edward L. Glaeser ... [et al].
Contributors: Glaeser, Edward L. 1967-; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10568; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10568.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Institutional economics.; Economic development.
Description: "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"--National Bureau of Economic Research web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/26/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.