Paper

Institutional quality and economic development: Focus on the moroccan case

Bettah, Mounia, Moudine, Chourouk, El Khattab, Younes

2019

Overview

Over the last decades, the world economy has undergone profound changes, producing a heterogeneous trajectory in terms of growth rate and development dynamics. Economic studies that have looked into this issue have revealed that institutional quality has an undeniable role in economic development, to the extent that a country's explicit and implicit standards of behavior condition its economic performance. Thus, the initiation of a rapid process of economic catch-up requires the establishment of an institutional framework that takes into account the specificities of a society and explicit and implicit norms of behavior that condition economic behavior. This study is part of the same analysis and attempts to highlight institutional quality’s important role in explaining economic performance. The analysis was based on the exploitation of a set of databases, in order to determine the institutional variables that explain the level of development.

• Publisher: Federal Reserve Bank of St. Louis
• Subject: Economic development