Since 2014
Institutions and Economic Performance: What Can Be Explained?
Review of Economics and Institutions
View Archive Info| Field | Value | |
| Title |
Institutions and Economic Performance: What Can Be Explained?
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| Creator |
Commander, Simon; IE Business School, Madrid, EBRD and Altura Advisers Nikoloski, Zlatko; University College, London |
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| Subject |
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institutions, economic growth, development, firm performance D24, L21, O12, P48 |
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| Description |
Institutions are now widely believed to be important in explaining performance. In this paper, we analyze whether commonly used measures of institutions have any significant, measurable impact on performance, whether of countries or firms. We look at three ‘levels’ of institutions and associated conjectures. The first concerns whether the political system affects performance. The second concerns whether the business and investment environment affects the performance of countries and the third concerns whether perceived business constraints directly affect the performance of firms. In all instances, we find little evidence of a robust link between widely used measures of institutions and our indicators of performance. We consider why this might be the case and argue that mis-measurement, mis-specification, complexity and non-linearity are all relevant factors.
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| Publisher |
University of Perugia
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| Contributor |
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| Date |
2011-05-08
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.rei.unipg.it/rei/article/view/33
10.5202/rei.v2i2.33 |
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| Source |
Review of Economics and Institutions; Vol 2, No 2 (2011)
2038-1379 2038-1344 |
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| Language |
eng
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| Relation |
http://www.rei.unipg.it/rei/article/view/33/50
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| Rights |
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