Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/58526
Authors: 
Wunnava, Phanindra V.
Mitra, Aniruddha
Prasch, Robert E.
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6459
Abstract: 
This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies have significantly outperformed autocracies over the sample period and the security of property rights has played a critical role in promoting economic growth. Ethnic heterogeneity has been a significant impediment to growth but religious and linguistic heterogeneity have not. Further, while economic globalization has had a general beneficial impact on economic growth, societies marked by greater ethnic heterogeneity have actually gained more from global integration. This suggests the importance of globalization in redressing the detrimental impact of ethnic cleavages in society (Hegre et al, 2003; Bhagwati, 2004; Mousseau and Mousseau, 2008; Dreher et al, 2008).
Subjects: 
growth
democracy
property rights
ethnic heterogeneity
globalization
JEL: 
O47
O43
P14
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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