Institutions, Trade, and Growth : Revisiting the Evidence
Several recent papers have attempted to identify the partial effects of trade integration and institutional quality on long-run growth using the geographical determinants of trade and the historical determinants of institutions as instruments. The...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/03/2191891/institutions-trade-growth-revisiting-evidence http://hdl.handle.net/10986/18286 |
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okr-10986-182862021-04-23T14:03:42Z Institutions, Trade, and Growth : Revisiting the Evidence Dollar, David Kraay, Aart TRADE INTEGRATION GEOGRAPHIC VARIABLES REGRESSION ANALYSIS CROSS COUNTRY ANALYSIS ASYMPTOTIC DISTRIBUTION BANKING SYSTEM BENCHMARK CAUSAL EFFECTS CONFIDENCE INTERVALS COVARIANCE DUMMY VARIABLES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ENDOGENOUS VARIABLES EQUATIONS EXOGENOUS VARIABLES GDP GDP PER CAPITA GROWTH RATES GROWTH REGRESSION INCOME INSTITUTIONAL QUALITY INSTRUMENTAL VARIABLES INVESTMENT CLIMATE LOGARITHMS MATRICES MATRIX MORTALITY PER CAPITA INCOME PER CAPITA INCOMES POOR PERFORMANCE PRODUCTIVITY PROPERTY RIGHTS STANDARD ERRORS VALIDITY Several recent papers have attempted to identify the partial effects of trade integration and institutional quality on long-run growth using the geographical determinants of trade and the historical determinants of institutions as instruments. The authors show that many of the specifications in these papers are weakly identified despite the apparently good performance of the instruments in first-stage regressions. Consequently, they argue that the cross-country variation in institutions, trade, and their geographical and historical determinants is not very informative about the partial effects of these variables on long-run growth. 2014-05-13T20:50:00Z 2014-05-13T20:50:00Z 2003-03 http://documents.worldbank.org/curated/en/2003/03/2191891/institutions-trade-growth-revisiting-evidence http://hdl.handle.net/10986/18286 English en_US Policy, Research working paper series;no. WPS 3004 Policy Research Working Paper;No. 3004 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ 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 INTEGRATION GEOGRAPHIC VARIABLES REGRESSION ANALYSIS CROSS COUNTRY ANALYSIS ASYMPTOTIC DISTRIBUTION BANKING SYSTEM BENCHMARK CAUSAL EFFECTS CONFIDENCE INTERVALS COVARIANCE DUMMY VARIABLES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ENDOGENOUS VARIABLES EQUATIONS EXOGENOUS VARIABLES GDP GDP PER CAPITA GROWTH RATES GROWTH REGRESSION INCOME INSTITUTIONAL QUALITY INSTRUMENTAL VARIABLES INVESTMENT CLIMATE LOGARITHMS MATRICES MATRIX MORTALITY PER CAPITA INCOME PER CAPITA INCOMES POOR PERFORMANCE PRODUCTIVITY PROPERTY RIGHTS STANDARD ERRORS VALIDITY |
| spellingShingle |
TRADE INTEGRATION GEOGRAPHIC VARIABLES REGRESSION ANALYSIS CROSS COUNTRY ANALYSIS ASYMPTOTIC DISTRIBUTION BANKING SYSTEM BENCHMARK CAUSAL EFFECTS CONFIDENCE INTERVALS COVARIANCE DUMMY VARIABLES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ENDOGENOUS VARIABLES EQUATIONS EXOGENOUS VARIABLES GDP GDP PER CAPITA GROWTH RATES GROWTH REGRESSION INCOME INSTITUTIONAL QUALITY INSTRUMENTAL VARIABLES INVESTMENT CLIMATE LOGARITHMS MATRICES MATRIX MORTALITY PER CAPITA INCOME PER CAPITA INCOMES POOR PERFORMANCE PRODUCTIVITY PROPERTY RIGHTS STANDARD ERRORS VALIDITY Dollar, David Kraay, Aart Institutions, Trade, and Growth : Revisiting the Evidence |
| relation |
Policy, Research working paper series;no.
WPS 3004 |
| description |
Several recent papers have attempted to
identify the partial effects of trade integration and
institutional quality on long-run growth using the
geographical determinants of trade and the historical
determinants of institutions as instruments. The authors
show that many of the specifications in these papers are
weakly identified despite the apparently good performance of
the instruments in first-stage regressions. Consequently,
they argue that the cross-country variation in institutions,
trade, and their geographical and historical determinants is
not very informative about the partial effects of these
variables on long-run growth. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Dollar, David Kraay, Aart |
| author_facet |
Dollar, David Kraay, Aart |
| author_sort |
Dollar, David |
| title |
Institutions, Trade, and Growth : Revisiting the Evidence |
| title_short |
Institutions, Trade, and Growth : Revisiting the Evidence |
| title_full |
Institutions, Trade, and Growth : Revisiting the Evidence |
| title_fullStr |
Institutions, Trade, and Growth : Revisiting the Evidence |
| title_full_unstemmed |
Institutions, Trade, and Growth : Revisiting the Evidence |
| title_sort |
institutions, trade, and growth : revisiting the evidence |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/03/2191891/institutions-trade-growth-revisiting-evidence http://hdl.handle.net/10986/18286 |
| _version_ |
1764439537601216512 |