Literatur vom gleichen Autor/der gleichen Autor*in
plus bei Google Scholar

Bibliografische Daten exportieren
 

Do institutions matter in the very long-run? : New evidence from OECD countries

Titelangaben

Röthel, Tim ; Leschke, Martin:
Do institutions matter in the very long-run? : New evidence from OECD countries.
Bayreuth , 2023

Volltext

Link zum Volltext (externe URL): Volltext

Abstract

Institutions are an important determinant of long-run economic growth. However, most studies only examine this relationship over a relatively short period and do not regularly include institutional variables in growth models. This article applies the pooled mean group (PMG) estimator to a panel of 18 OECD countries over 138 years.
We find evidence that institutions matter for economic growth in the very long-run and conclude that economists should include them in any empirical application of the neoclassical growth model. Our result is robust to various robustness checks.

Weitere Angaben

Publikationsform: Working paper, Diskussionspapier
Keywords: Institutions; Growth; PMG estimator; OECD
Fachklassifikationen: O11, O47
Institutionen der Universität: Fakultäten > Rechts- und Wirtschaftswissenschaftliche Fakultät > Fachgruppe Volkswirtschaftslehre > Lehrstuhl Volkswirtschaftslehre V (Institutionenökonomie)
Titel an der UBT entstanden: Ja
Themengebiete aus DDC: 300 Sozialwissenschaften > 330 Wirtschaft
Eingestellt am: 06 Apr 2023 06:52
Letzte Änderung: 06 Apr 2023 06:52
URI: https://eref.uni-bayreuth.de/id/eprint/75846