Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/77459
Authors: 
Basu, Sudip Ranjan
Das, Monica
Year of Publication: 
2008
Series/Report no.: 
HEI Working Paper 05/2008
Abstract: 
The paper uses nonparametric methodology to examine the role of institutions in understanding differential levels of development across countries. This technique estimates first order derivatives for every country allowing a deeper look into the impact of institutions on development. The preliminary cross-country findings show that (i) institutional quality positively and significantly increases development quality; and (ii) results remain 'robust' for different model specifications and choice of additional control variables. The analysis is carried out for a set of 102 countries over 1980 to 2004. Similar to parametric results established in the literature, the nonparametric analysis lends further support to the view that institutions matter in the context of economic policies and geographic factors.
Subjects: 
Development
Institutions
Geography
Openness
Principal component
Nonparametric analysis
JEL: 
C3
O10
O57
P51
R11
Document Type: 
Working Paper

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