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Institutional Quality and Economic Growth - A Comparison across Development Stages

Helgason, Marie LU (2010) NEK691 20102
Department of Economics
Abstract
The purpose of this thesis is to examine and compare the effect of institutional quality on the economic growth rate in developed and developing countries. To do this panel data was examined using a pooled regression model and a fixed effects model. Three institutional variables from Freedom House, the International Country Risk Guide and the Database of Political Institutions were used. The results indicate that institutional quality has a significant and positive relationship with growth in both developed and developing countries. While institutional indicators overall performed similarly regardless of development status, civil liberties was deemed more adapt at promoting growth in developing countries, whereas the number of veto players... (More)
The purpose of this thesis is to examine and compare the effect of institutional quality on the economic growth rate in developed and developing countries. To do this panel data was examined using a pooled regression model and a fixed effects model. Three institutional variables from Freedom House, the International Country Risk Guide and the Database of Political Institutions were used. The results indicate that institutional quality has a significant and positive relationship with growth in both developed and developing countries. While institutional indicators overall performed similarly regardless of development status, civil liberties was deemed more adapt at promoting growth in developing countries, whereas the number of veto players played a greater role in developed countries. (Less)
Please use this url to cite or link to this publication:
author
Helgason, Marie LU
supervisor
organization
course
NEK691 20102
year
type
M2 - Bachelor Degree
subject
keywords
quality of government, development, economic growth, institutions, civil liberties.
language
English
id
1729758
date added to LUP
2010-12-08 09:01:41
date last changed
2010-12-08 09:01:41
@misc{1729758,
  abstract     = {The purpose of this thesis is to examine and compare the effect of institutional quality on the economic growth rate in developed and developing countries. To do this panel data was examined using a pooled regression model and a fixed effects model. Three institutional variables from Freedom House, the International Country Risk Guide and the Database of Political Institutions were used. The results indicate that institutional quality has a significant and positive relationship with growth in both developed and developing countries. While institutional indicators overall performed similarly regardless of development status, civil liberties was deemed more adapt at promoting growth in developing countries, whereas the number of veto players played a greater role in developed countries.},
  author       = {Helgason, Marie},
  keyword      = {quality of government,development,economic growth,institutions,civil liberties.},
  language     = {eng},
  note         = {Student Paper},
  title        = {Institutional Quality and Economic Growth - A Comparison across Development Stages},
  year         = {2010},
}