Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73780
Authors: 
Strobel, Thomas
Year of Publication: 
2010
Series/Report no.: 
Ifo Working Paper 87
Abstract: 
The investigation of the determinants of economic growth plays an important role forour understanding of the sources of cross-country income differences. This paper analyzesthe effects of institutions and innovations on country productivity growth. The empiricalevidence shows that institutions and innovations matter, in particular for human capitalefficiency. Without controlling for endogeneity the effect of innovations turns significantonly when aggregate institutions indexes or human capital efficiency are included.When controlling for endogeneity innovations become insignificant, but more institutionalvariables become relevant. Under robustness checks innovations indeed have a directeffect on country productivity growth moderated by a country’s human capital efficiency.Allowing for three alternative institutional variables does not change the effects of theinstitutional variables of interest.
Subjects: 
Productivity growth
institutions
information and communication technology
research and development
panel regressions
JEL: 
O30
O43
O50
Document Type: 
Working Paper

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