Institutions and development in developing countries: an empirical assessment

IF 0.6 Q3 Economics, Econometrics and Finance

Economics Bulletin Pub Date : 2010-03-04 DOI:10.1163/156914911x582459

M. Dao

引用次数: 7

Abstract

This paper examines the effect of institutions on economic performance in developing countries. Based on data from the World Bank and the Global Competitiveness Report 2008-2009, we use a sample of ninety-seven developing economies and find that institutions do affect economic development in these countries, unlike the results of previous studies by Mc Arthur and Sachs (2001) and Sachs (2003). We observe that the coefficient estimate of half of the independent variables used as proxies for the role of institutions does not have the anticipated sign due to the severe degree of multicollinearity among statistically significant explanatory variables. Regression results are more robust when interaction terms are included in the statistical model. Statistical results of such empirical examination will assist governments in those countries identify institutional areas that need to be improved upon in order to stimulate economic development

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发展中国家的制度与发展:一项实证评估

本文考察了制度对发展中国家经济绩效的影响。根据世界银行和《2008-2009年全球竞争力报告》的数据，我们使用了97个发展中经济体的样本，发现制度确实影响了这些国家的经济发展，这与Mc Arthur和Sachs(2001)和Sachs(2003)之前的研究结果不同。我们观察到，由于在统计上显著的解释变量之间存在严重的多重共线性，用作机构作用代理的自变量的系数估计有一半没有预期的符号。当统计模型中包含交互项时，回归结果更加稳健。这种实证检查的统计结果将有助于这些国家的政府确定需要改进的体制领域，以便刺激经济发展

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics Bulletin ECONOMICS-

CiteScore

1.60

自引率

0.00%

发文量

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