Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/266694 
Autor:innen: 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
CIW Discussion Paper No. 2/2022
Verlag: 
Westfälische Wilhelms-Universität Münster, Centrum für Interdisziplinäre Wirtschaftsforschung (CIW), Münster
Zusammenfassung: 
Theoretical and empirical evidence on the relationship between institutions and economic prosperity remains ambiguous, even though it has been part of scholarly discourse for decades. The present study adds to this discussion by introducing a bundled approach for measuring institutions. This approach takes into account interrelations in form of hierarchies between political, economic and the societal institutions and thereby adds to the literature that deals with the mechanisms of economic growth from an institutional perspective. Based on a panel of 153 countries from 1995 to 2016, we find that political institutions establish a deeprooted framework in which societal institutions, such as education and health care, act as main drivers of growth processes.
Schlagwörter: 
Institutional Hierarchy
Economic Growth
Bundled Measurement
JEL: 
H00
O11
O43
P51
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.29 MB





Publikationen in EconStor sind urheberrechtlich geschützt.