Institutions Rule : The Primacy of Institutions over Integration and Geography in Economic Development

The Primacy of Institutions over Integration and Geography in Economic Development

Institutions Rule : The Primacy of Institutions over Integration and Geography in Economic Development
We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions "trumps" everything else. Controlling for institutions, geography have at best weak direct effects on... READ MORE...

Publication date: November 2002
ISBN 9781451859621
$15.00

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