Asset Details
Do you wish to reserve the book?
Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development
Do you wish to request the book?
Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development
2004
Overview
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instrumental variables for institutions and trade. Our results indicate that the quality of institutions \"trumps\" everything else. Once institutions are controlled for, conventional measures of geography have at best weak direct effects on incomes, although they have a strong indirect effect by influencing the quality of institutions. Similarly, once institutions are controlled for, trade is almost always insignificant, and often enters the income equation with the \"wrong\" (i.e., negative) sign. We relate our results to recent literature, and where differences exist, trace their origins to choices on samples, specification, and instrumentation.
Publisher
Kluwer Academic Publishers,Springer Nature B.V
Subject
