Property rights and economic growth: A dynamic GMM analysis

被引：0

作者：

Ang, Joshua ^{[1
]}

Patalinghug, Jason C. ^{[2
]}

机构：

[1] Rogers State Univ, Claremore, OK 74017 USA

[2] Southern Connecticut State Univ, New Haven, CT USA

来源：

ECONOMICS BULLETIN | 2021年 / 41卷 / 03期

关键词：

PANEL-DATA; INFLATION; DEMOCRACY;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the role of property rights and other factors to the growth of real gross domestic product (GDP) per capita. We show using a two-step system generalized method of moments (GMM) dynamic model and a panel data set of around 150 countries from 2006 to 2018 that property rights have a positive and significant effect on the growth of real GDP per capita. The paper also found that human capital, physical capital and inflation have significant effects on real GDP per capita growth.

引用

页数：13

共 24 条

[1] The rise of Europe: Atlantic trade, institutional change, and economic growth
Acemoglu, D
Johnson, S
Robinson, J
[J]. AMERICAN ECONOMIC REVIEW, 2005, 95 (03) : 546 - 579
[2] Unbundling institutions
Acemoglu, D
Johnson, S
[J]. JOURNAL OF POLITICAL ECONOMY, 2005, 113 (05) : 949 - 995
[3] SOME TESTS OF SPECIFICATION FOR PANEL DATA - MONTE-CARLO EVIDENCE AND AN APPLICATION TO EMPLOYMENT EQUATIONS
ARELLANO, M
BOND, S
[J]. REVIEW OF ECONOMIC STUDIES, 1991, 58 (02) : 277 - 297
[4] ANOTHER LOOK AT THE INSTRUMENTAL VARIABLE ESTIMATION OF ERROR-COMPONENTS MODELS
ARELLANO, M
BOVER, O
[J]. JOURNAL OF ECONOMETRICS, 1995, 68 (01) : 29 - 51
[5] Property Rights, Governance, and Economic Development
Auerbach, Jan U.
Azariadis, Costas
[J]. REVIEW OF DEVELOPMENT ECONOMICS, 2015, 19 (02) : 210 - 220
[6] Barro R.J., 1995, EC GROWTH
[7] Initial conditions and moment restrictions in dynamic panel data models
Blundell, R
Bond, S
[J]. JOURNAL OF ECONOMETRICS, 1998, 87 (01) : 115 - 143
[8] The Growth Effects of Property Rights: The Role of Finance
Bose, Niloy
Murshid, Antu Panini
Wurm, Martin A.
[J]. WORLD DEVELOPMENT, 2012, 40 (09) : 1784 - 1797
[9] Financial development, property rights, and growth
Claessens, S
Laeven, L
[J]. JOURNAL OF FINANCE, 2003, 58 (06) : 2401 - 2436
[10] Gillman M, 2009, ROUTL INT STUD MONEY, V53, P254

← 1 2 3 →