Institutions, Trade, and Growth : Revisiting the Evidence

• Tác giả: David Dollar
• Ngôn ngữ: eng
• Ký hiệu phân loại: 306.3 Economic institutions
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 302834
• Chủ đề: 1. BANKING SYSTEM; 2. CROSS COUNTRY ANALYSIS ASYMPTOTIC DISTRIBUTION; 3. GEOGRAPHIC VARIABLES; 4. REGRESSION ANALYSIS; 5. TRADE INTEGRATION

Tóm tắt

Several recent papers have attempted to identify the partial effects of trade integration and institutional quality on long-run growth using the geographical determinants of trade and the historical determinants of institutions as instruments. The authors show that many of the specifications in these papers are weakly identified despite the apparently good performance of the instruments in first-stage regressions. Consequently, they argue that the cross-country variation in institutions, trade, and their geographical and historical determinants is not very informative about the partial effects of these variables on long-run growth.