Title
Causality and feedback between institutional measures and economic growth
Date Issued
01 January 2000
Access level
metadata only access
Resource Type
journal article
Author(s)
Calderón C.
Georgetown University Public Policy Institute
Abstract
Recent cross-section studies have demonstrated a strong link between measures of corruption, bureaucratic quality, property rights, and other institutional variables, and economic growth. In this paper we build on previous research and present some empirical evidence on the direction of causality between institutional measures and growth. It appears that the poorer the country, and the longer the wait, the higher the influence of institutional quality on economic growth. However, we also show the existence of reverse causality. Indeed, it appears that economic growth also causes institutional quality.
Start page
69
End page
81
Volume
12
Issue
1
Language
English
OCDE Knowledge area
Economía
Scopus EID
2-s2.0-0002315577
Source
Economics and Politics
ISSN of the container
09541985
Sources of information:
Directorio de Producción Científica
Scopus