Do Institutions Matter More for Services?

Recent empirical research has focused on the role of institutions in overall economic performance. This paper examines the impact of institutions on the relative performance of the service sector. Through cross-country level and growth regressions it establishes the following stylized fact: countrie...

Full description

Bibliographic Details
Main Authors:	Amin, Mohammad, Mattoo, Aaditya
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ADVERSE EFFECT ADVERSE EFFECTS ASYMMETRIC INFORMATION BENCHMARK CENTRAL PLANNING CIVIL LAW COMMON LAW COMPARATIVE ADVANTAGE CORRUPTION DEVELOPMENT ECONOMICS DEVELOPMENT STRATEGY ECONOMIC LIFE ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC STRUCTURE ECONOMIC THEORIES ECONOMICS RESEARCH ELASTICITY ENDOGENOUS VARIABLES GDP GDP PER CAPITA GINI COEFFICIENT GROWTH RATE HUMAN CAPITAL INCOME ELASTICITY OF DEMAND LABOR MARKET LAWS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL SYSTEMS PROPERTY RIGHTS REAL INCOME RULE OF LAW SOLDIERS TELECOMMUNICATIONS VALUE ADDED
Online Access:	http://documents.worldbank.org/curated/en/2006/10/7125487/institutions-matter-more-services http://hdl.handle.net/10986/9014

id	okr-10986-9014
recordtype	oai_dc
spelling	okr-10986-90142021-04-23T14:02:41Z Do Institutions Matter More for Services? Amin, Mohammad Mattoo, Aaditya ADVERSE EFFECT ADVERSE EFFECTS ASYMMETRIC INFORMATION BENCHMARK CENTRAL PLANNING CIVIL LAW COMMON LAW COMPARATIVE ADVANTAGE CORRUPTION DEVELOPMENT ECONOMICS DEVELOPMENT STRATEGY ECONOMIC LIFE ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC STRUCTURE ECONOMIC THEORIES ECONOMICS RESEARCH ELASTICITY ENDOGENOUS VARIABLES GDP GDP PER CAPITA GINI COEFFICIENT GROWTH RATE HUMAN CAPITAL INCOME ELASTICITY OF DEMAND LABOR MARKET LAWS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL SYSTEMS PROPERTY RIGHTS REAL INCOME RULE OF LAW SOLDIERS TELECOMMUNICATIONS VALUE ADDED Recent empirical research has focused on the role of institutions in overall economic performance. This paper examines the impact of institutions on the relative performance of the service sector. Through cross-country level and growth regressions it establishes the following stylized fact: countries with better institutions have relatively larger and more dynamic service sectors. It suggests that regulatory and contract enforcing institutions play a key role in the development of service sectors because these sectors enter into a more complex web of transactions with the rest of the economy and are more prone to market failure due to asymmetric information. 2012-06-26T14:26:03Z 2012-06-26T14:26:03Z 2006-10 http://documents.worldbank.org/curated/en/2006/10/7125487/institutions-matter-more-services http://hdl.handle.net/10986/9014 English en_US Policy Research Working Paper; No. 4032 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	ADVERSE EFFECT ADVERSE EFFECTS ASYMMETRIC INFORMATION BENCHMARK CENTRAL PLANNING CIVIL LAW COMMON LAW COMPARATIVE ADVANTAGE CORRUPTION DEVELOPMENT ECONOMICS DEVELOPMENT STRATEGY ECONOMIC LIFE ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC STRUCTURE ECONOMIC THEORIES ECONOMICS RESEARCH ELASTICITY ENDOGENOUS VARIABLES GDP GDP PER CAPITA GINI COEFFICIENT GROWTH RATE HUMAN CAPITAL INCOME ELASTICITY OF DEMAND LABOR MARKET LAWS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL SYSTEMS PROPERTY RIGHTS REAL INCOME RULE OF LAW SOLDIERS TELECOMMUNICATIONS VALUE ADDED
spellingShingle	ADVERSE EFFECT ADVERSE EFFECTS ASYMMETRIC INFORMATION BENCHMARK CENTRAL PLANNING CIVIL LAW COMMON LAW COMPARATIVE ADVANTAGE CORRUPTION DEVELOPMENT ECONOMICS DEVELOPMENT STRATEGY ECONOMIC LIFE ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC STRUCTURE ECONOMIC THEORIES ECONOMICS RESEARCH ELASTICITY ENDOGENOUS VARIABLES GDP GDP PER CAPITA GINI COEFFICIENT GROWTH RATE HUMAN CAPITAL INCOME ELASTICITY OF DEMAND LABOR MARKET LAWS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL SYSTEMS PROPERTY RIGHTS REAL INCOME RULE OF LAW SOLDIERS TELECOMMUNICATIONS VALUE ADDED Amin, Mohammad Mattoo, Aaditya Do Institutions Matter More for Services?
relation	Policy Research Working Paper; No. 4032
description	Recent empirical research has focused on the role of institutions in overall economic performance. This paper examines the impact of institutions on the relative performance of the service sector. Through cross-country level and growth regressions it establishes the following stylized fact: countries with better institutions have relatively larger and more dynamic service sectors. It suggests that regulatory and contract enforcing institutions play a key role in the development of service sectors because these sectors enter into a more complex web of transactions with the rest of the economy and are more prone to market failure due to asymmetric information.
format	Publications & Research :: Policy Research Working Paper
author	Amin, Mohammad Mattoo, Aaditya
author_facet	Amin, Mohammad Mattoo, Aaditya
author_sort	Amin, Mohammad
title	Do Institutions Matter More for Services?
title_short	Do Institutions Matter More for Services?
title_full	Do Institutions Matter More for Services?
title_fullStr	Do Institutions Matter More for Services?
title_full_unstemmed	Do Institutions Matter More for Services?
title_sort	do institutions matter more for services?
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/10/7125487/institutions-matter-more-services http://hdl.handle.net/10986/9014
_version_	1764406491107819520

Do Institutions Matter More for Services?

Similar Items