Do Institutions Cause Growth?

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Do Institutions Cause Growth?

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Title: Do Institutions Cause Growth?
Author: Glaeser, Edward L.; La Porta, Rafael; Lopez-de-Silanes, Florencio; Shleifer, Andrei

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Citation: Glaeser, Edward L., Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer. 2004. “Do Institutions Cause Growth?” Journal of Economic Growth 9 (3) (September): 271–303. doi:10.1023/b:joeg.0000038933.16398.ed.
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Abstract: We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most indicators of institutional quality used to establish the proposition that institutions cause growth are constructed to be conceptually unsuitable for that purpose. We also find that some of the instrumental variable techniques used in the literature are flawed. Basic OLS results, as well as a variety of additional evidence, suggest that a) human capital is a more basic source of growth than are the institutions, b) poor countries get out of poverty through good policies, often pursued by dictators, and c) subsequently improve their political institutions.
Published Version: doi:10.1023/B:JOEG.0000038933.16398.ed
Other Sources: http://www.nber.org/papers/w10568
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:27867242
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