Institutional clusters and economic performance

被引:25
作者
Jellema, Jon [1 ]
Roland, Gerard [1 ]
机构
[1] Univ Calif Berkeley, Dept Econ, Berkeley, CA 94720 USA
关键词
Institutions; Development; Principal component analysis; Separation of powers; Culture;
D O I
10.1016/j.jebo.2011.04.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
We ran principal component regressions of growth and income on existing measures of institutions to assess which are the most important for economic performance. We find that broadly defined institutions of checks and balances as well as a democratic and anti-authoritarian culture are the most robust institutional determinants of long-run growth in income. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码:108 / 132
页数:25
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