Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

Innovation and institutions: a symbiotic marriage?

Olsson, Björn LU (2018) NEKN01 20172
Department of Economics
Abstract
This paper studies the long-term relationship between economic growth and institutional change. Using a dynamic panel data model, several tests are conducted to test for both long- and short-term movements in GDP, and institutional quality using annual data from 87 countries ranging from 1984 to 2016. This paper contributes with an econometric approach to long-term GDP change theory as several tests are conducted for both general long-term effects of institutional reform on GDP growth, geography-specific effects and an interaction test of productivity’s and institutional reforms’ combined effect on economic activity. This paper finds that both improved political- and economic institutional quality raise long-term innovation-driven growth.... (More)
This paper studies the long-term relationship between economic growth and institutional change. Using a dynamic panel data model, several tests are conducted to test for both long- and short-term movements in GDP, and institutional quality using annual data from 87 countries ranging from 1984 to 2016. This paper contributes with an econometric approach to long-term GDP change theory as several tests are conducted for both general long-term effects of institutional reform on GDP growth, geography-specific effects and an interaction test of productivity’s and institutional reforms’ combined effect on economic activity. This paper finds that both improved political- and economic institutional quality raise long-term innovation-driven growth. The causal relationship is found to be in the direction from institutional reform to economic growth. (Less)
Please use this url to cite or link to this publication:
author
Olsson, Björn LU
supervisor
organization
course
NEKN01 20172
year
type
H1 - Master's Degree (One Year)
subject
keywords
GDP, TFP, dynamic panel data, institutions, political reform
language
English
id
8935936
date added to LUP
2018-02-19 10:26:55
date last changed
2018-02-19 10:26:55
@misc{8935936,
  abstract     = {{This paper studies the long-term relationship between economic growth and institutional change. Using a dynamic panel data model, several tests are conducted to test for both long- and short-term movements in GDP, and institutional quality using annual data from 87 countries ranging from 1984 to 2016. This paper contributes with an econometric approach to long-term GDP change theory as several tests are conducted for both general long-term effects of institutional reform on GDP growth, geography-specific effects and an interaction test of productivity’s and institutional reforms’ combined effect on economic activity. This paper finds that both improved political- and economic institutional quality raise long-term innovation-driven growth. The causal relationship is found to be in the direction from institutional reform to economic growth.}},
  author       = {{Olsson, Björn}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Innovation and institutions: a symbiotic marriage?}},
  year         = {{2018}},
}