|
|
|
|
| LEADER |
01894cas a2200253 a 4500 |
| 001 |
AALejournalIMF015406 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781513555508
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Goes, Carlos.
|
| 245 |
1 |
0 |
|a Institutions and Growth :
|b A GMM/IV Panel VAR Approach /
|c Carlos Goes.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2015.
|
| 300 |
|
|
|a 1 online resource (14 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a Both sides of the institutions and growth debate have resorted largely to microeconometric techniques in testing hypotheses. In this paper, I build a panel structural vector autoregression (SVAR) model for a short panel of 119 countries over 10 years and find support for the institutions hypothesis. Controlling for individual fixed effects, I find that exogenous shocks to a proxy for institutional quality have a positive and statistically significant effect on GDP per capita. On average, a 1 percent shock in institutional quality leads to a peak 1.7 percent increase in GDP per capita after six years. Results are robust to using a different proxy for institutional quality. There are different dynamics for advanced economies and developing countries. This suggests diminishing returns to institutional quality improvements.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 651 |
|
7 |
|a United States
|2 imf
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2015/174
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2015/174/001.2015.issue-174-en.xml
|z IMF e-Library
|