Abstract
The role of institutions in economic growth has recently begun to receive greater attention in academic circles. Although the impact of institutions has been acknowledged by most, definitive conclusions still remain a question, particularly given the problem of endogeneity. We use panel least squares estimation to consider the nexus between political liberalization and economic freedom. We seek to avoid the problem of endogeneity as well as examine the different aspects of institutional roles. We find conclusions for different aspects when controlling political liberalization or economic freedom.
| Original language | English |
|---|---|
| Pages (from-to) | 21-30 |
| Number of pages | 10 |
| Journal | Applied Econometrics and International Development |
| Volume | 9 |
| Issue number | 2 |
| Publication status | Published - Jul 2009 |
Keywords
- Economic freedom
- Economic growth
- Political liberalization
ASJC Scopus subject areas
- Development
- Economics and Econometrics
- Political Science and International Relations
- Finance
