What Determines the Quality of Institutions?
In trying to explain institutional quality, different authors have come to conflicting conclusions. In tackling the problem themselves, the authors show three things. First, openness is positively and pretty robustly associated with institutional q...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/01/1687157/determines-quality-institutions http://hdl.handle.net/10986/15725 |
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okr-10986-157252021-04-23T14:03:19Z What Determines the Quality of Institutions? Islam, Roumeen Montenegro, Claudio E. TRADE LIBERALIZATION ETHNIC FACTORS QUALITY INSTITUTION BUILDING CROSS-COUNTRY EXPERIENCE NATURAL RESOURCES EXPORT CAPACITY INCOME LEVELS INCOME INEQUALITIES FREEDOM OF THE PRESS CHECKS & BALANCES ACCESS TO INFORMATION ACCOUNTABILITY AGGREGATING GOVERNANCE INDICATORS AMERICAN DEVELOPMENT BANK AMERICAN ECONOMIC REVIEW AVERAGE INCOME BUREAUCRACY BUREAUCRATIC QUALITY CHANGES IN GOVERNMENT CITIZENS CIVIL LAW COMMERCIAL CODE COMMON LAW COMPARATIVE DEVELOPMENT CORRUPTION COUNTRY COVERAGE COUNTRY RISK GUIDE DECENTRALIZATION DEVELOPMENT ECONOMICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMIC RESEARCH EXCHANGE OF IDEAS EXPORTS FINANCIAL DEVELOPMENT FORECASTING MODELS FREE PRESS GDP GDP PER CAPITA GINI COEFFICIENT GNP GNP PER CAPITA GOOD INSTITUTIONS GOOD POLICIES GOVERNANCE INDICATORS GOVERNMENT EFFECTIVENESS GRAFT GROWTH PERFORMANCE ICRG INCOME INCOME DISTRIBUTION INCOME INEQUALITY INEQUALITY INSTITUTION BUILDING INSTITUTIONAL CONSTRAINTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INSTITUTIONAL MEASURES INSTITUTIONAL QUALITY INTERNATIONAL COUNTRY RISK GUIDE INTERNATIONAL DEVELOPMENT JUDICIAL INDEPENDENCE LEGAL ORIGIN LEGAL ORIGINS MEASUREMENT ERROR MEASURES PERCEPTIONS OF CORRUPTION NATURAL RESOURCES OPEN ECONOMIES POLICY MAKING POLICY MEASURES POLICY OUTCOMES POLICY RESEARCH POLITICAL INSTABILITY POLITICAL INSTITUTIONS POLITICAL OUTCOMES POLITICAL SYSTEM PROPERTY RIGHTS PUBLIC GOODS QUALITY QUALITY INSTITUTIONS QUALITY OF GOVERNANCE QUALITY OF INSTITUTIONS REGULATORY BURDEN RENT SEEKING RULE OF LAW RULE OF LAW SELECTION BIAS SET OF GOVERNANCE INDICATORS SOCIAL INDICATORS STATE INSTITUTIONS TECHNOLOGICAL CHANGE TRADE POLICY In trying to explain institutional quality, different authors have come to conflicting conclusions. In tackling the problem themselves, the authors show three things. First, openness is positively and pretty robustly associated with institutional quality. To minimize selection bias, the authors use data sets with the greatest cross-country coverage, though they also test the significance of the variables for smaller sample sizes. The results confirm that both natural and policy measures of openness are important. Concentration of trade in natural resource exports continues to be associated with poor institutional quality after openness in trade is accounted for. Second, "social" variables, such as income inequality or ethnic diversity, are not associated with institutional quality. The significance of the inequality variable disappears when continent dummy variables are included for Africa and Latin America. Third, features of specific institutions, such as freedom of the press and checks and balances in the political system, are positively associated with overall perceptions of institutional quality. These findings hold strongly across different data sets and samples even after the authors control for the variables commonly used in the literature. 2013-09-09T20:15:57Z 2013-09-09T20:15:57Z 2002-01 http://documents.worldbank.org/curated/en/2002/01/1687157/determines-quality-institutions http://hdl.handle.net/10986/15725 English en_US Policy Research Working Paper;No. 2764 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
TRADE LIBERALIZATION ETHNIC FACTORS QUALITY INSTITUTION BUILDING CROSS-COUNTRY EXPERIENCE NATURAL RESOURCES EXPORT CAPACITY INCOME LEVELS INCOME INEQUALITIES FREEDOM OF THE PRESS CHECKS & BALANCES ACCESS TO INFORMATION ACCOUNTABILITY AGGREGATING GOVERNANCE INDICATORS AMERICAN DEVELOPMENT BANK AMERICAN ECONOMIC REVIEW AVERAGE INCOME BUREAUCRACY BUREAUCRATIC QUALITY CHANGES IN GOVERNMENT CITIZENS CIVIL LAW COMMERCIAL CODE COMMON LAW COMPARATIVE DEVELOPMENT CORRUPTION COUNTRY COVERAGE COUNTRY RISK GUIDE DECENTRALIZATION DEVELOPMENT ECONOMICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMIC RESEARCH EXCHANGE OF IDEAS EXPORTS FINANCIAL DEVELOPMENT FORECASTING MODELS FREE PRESS GDP GDP PER CAPITA GINI COEFFICIENT GNP GNP PER CAPITA GOOD INSTITUTIONS GOOD POLICIES GOVERNANCE INDICATORS GOVERNMENT EFFECTIVENESS GRAFT GROWTH PERFORMANCE ICRG INCOME INCOME DISTRIBUTION INCOME INEQUALITY INEQUALITY INSTITUTION BUILDING INSTITUTIONAL CONSTRAINTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INSTITUTIONAL MEASURES INSTITUTIONAL QUALITY INTERNATIONAL COUNTRY RISK GUIDE INTERNATIONAL DEVELOPMENT JUDICIAL INDEPENDENCE LEGAL ORIGIN LEGAL ORIGINS MEASUREMENT ERROR MEASURES PERCEPTIONS OF CORRUPTION NATURAL RESOURCES OPEN ECONOMIES POLICY MAKING POLICY MEASURES POLICY OUTCOMES POLICY RESEARCH POLITICAL INSTABILITY POLITICAL INSTITUTIONS POLITICAL OUTCOMES POLITICAL SYSTEM PROPERTY RIGHTS PUBLIC GOODS QUALITY QUALITY INSTITUTIONS QUALITY OF GOVERNANCE QUALITY OF INSTITUTIONS REGULATORY BURDEN RENT SEEKING RULE OF LAW RULE OF LAW SELECTION BIAS SET OF GOVERNANCE INDICATORS SOCIAL INDICATORS STATE INSTITUTIONS TECHNOLOGICAL CHANGE TRADE POLICY |
| spellingShingle |
TRADE LIBERALIZATION ETHNIC FACTORS QUALITY INSTITUTION BUILDING CROSS-COUNTRY EXPERIENCE NATURAL RESOURCES EXPORT CAPACITY INCOME LEVELS INCOME INEQUALITIES FREEDOM OF THE PRESS CHECKS & BALANCES ACCESS TO INFORMATION ACCOUNTABILITY AGGREGATING GOVERNANCE INDICATORS AMERICAN DEVELOPMENT BANK AMERICAN ECONOMIC REVIEW AVERAGE INCOME BUREAUCRACY BUREAUCRATIC QUALITY CHANGES IN GOVERNMENT CITIZENS CIVIL LAW COMMERCIAL CODE COMMON LAW COMPARATIVE DEVELOPMENT CORRUPTION COUNTRY COVERAGE COUNTRY RISK GUIDE DECENTRALIZATION DEVELOPMENT ECONOMICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC REFORM ECONOMIC RESEARCH EXCHANGE OF IDEAS EXPORTS FINANCIAL DEVELOPMENT FORECASTING MODELS FREE PRESS GDP GDP PER CAPITA GINI COEFFICIENT GNP GNP PER CAPITA GOOD INSTITUTIONS GOOD POLICIES GOVERNANCE INDICATORS GOVERNMENT EFFECTIVENESS GRAFT GROWTH PERFORMANCE ICRG INCOME INCOME DISTRIBUTION INCOME INEQUALITY INEQUALITY INSTITUTION BUILDING INSTITUTIONAL CONSTRAINTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INSTITUTIONAL MEASURES INSTITUTIONAL QUALITY INTERNATIONAL COUNTRY RISK GUIDE INTERNATIONAL DEVELOPMENT JUDICIAL INDEPENDENCE LEGAL ORIGIN LEGAL ORIGINS MEASUREMENT ERROR MEASURES PERCEPTIONS OF CORRUPTION NATURAL RESOURCES OPEN ECONOMIES POLICY MAKING POLICY MEASURES POLICY OUTCOMES POLICY RESEARCH POLITICAL INSTABILITY POLITICAL INSTITUTIONS POLITICAL OUTCOMES POLITICAL SYSTEM PROPERTY RIGHTS PUBLIC GOODS QUALITY QUALITY INSTITUTIONS QUALITY OF GOVERNANCE QUALITY OF INSTITUTIONS REGULATORY BURDEN RENT SEEKING RULE OF LAW RULE OF LAW SELECTION BIAS SET OF GOVERNANCE INDICATORS SOCIAL INDICATORS STATE INSTITUTIONS TECHNOLOGICAL CHANGE TRADE POLICY Islam, Roumeen Montenegro, Claudio E. What Determines the Quality of Institutions? |
| relation |
Policy Research Working Paper;No. 2764 |
| description |
In trying to explain institutional
quality, different authors have come to conflicting
conclusions. In tackling the problem themselves, the authors
show three things. First, openness is positively and pretty
robustly associated with institutional quality. To minimize
selection bias, the authors use data sets with the greatest
cross-country coverage, though they also test the
significance of the variables for smaller sample sizes. The
results confirm that both natural and policy measures of
openness are important. Concentration of trade in natural
resource exports continues to be associated with poor
institutional quality after openness in trade is accounted
for. Second, "social" variables, such as income
inequality or ethnic diversity, are not associated with
institutional quality. The significance of the inequality
variable disappears when continent dummy variables are
included for Africa and Latin America. Third, features of
specific institutions, such as freedom of the press and
checks and balances in the political system, are positively
associated with overall perceptions of institutional
quality. These findings hold strongly across different data
sets and samples even after the authors control for the
variables commonly used in the literature. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Islam, Roumeen Montenegro, Claudio E. |
| author_facet |
Islam, Roumeen Montenegro, Claudio E. |
| author_sort |
Islam, Roumeen |
| title |
What Determines the Quality of Institutions? |
| title_short |
What Determines the Quality of Institutions? |
| title_full |
What Determines the Quality of Institutions? |
| title_fullStr |
What Determines the Quality of Institutions? |
| title_full_unstemmed |
What Determines the Quality of Institutions? |
| title_sort |
what determines the quality of institutions? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/01/1687157/determines-quality-institutions http://hdl.handle.net/10986/15725 |
| _version_ |
1764429754110312448 |