Causality and Feedback Between Institutional Measures and Economic Growth
Year: 2000
Type: article
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.
Source: Economics and Politics
Authors: A. Chong, C. Calderón
Institutions: World Bank, Georgetown University, University of Rochester
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2079217820