Institutional framework and economic development: international evidence

被引：37

作者：

Assane, D ^{[1
]}

Grammy, A

机构：

[1] Univ Nevada, Dept Econ, Las Vegas, NV 89154 USA

[2] Calif State Bakersfield, Dept Econ, Bakersfield, CA 93311 USA

来源：

APPLIED ECONOMICS | 2003年 / 35卷 / 17期

关键词：

D O I：

10.1080/0003684032000152862

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the effect of 'quality' of the institutional framework on economic development. Our empirical results support the hypothesis that 'good' institutions improve efficiency and accelerate growth. The positive effect of institutional 'quality' is more pronounced with mutually reinforcing support of economic freedom. Our results also indicate that 'good' institutions help developing countries grow faster to achieve conditional convergence. We infer from the results that economic development requires not only physical and human capital formation, but also freedom to choose and institutional support.

引用

页码：1811 / 1817

页数：7

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