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The Institutional Environment for Economic Growth

The Institutional Environment for Economic Growth This article forges an explicit link between an objective measure of political constraints and variation in cross‐national growth rates. It derives a new measure of political constraints from a simple spatial model of political interaction that incorporates information on the number of independent branches of government with veto power and the distribution of preferences across and within those branches. The derived variable is found to have a statistically and economically significant impact on growth rates using simple ordinary least squares, three‐stage least squares and generalized method of moments estimation techniques. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics & Politics Wiley

The Institutional Environment for Economic Growth

Economics & Politics , Volume 12 (1) – Mar 1, 2000

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Publisher
Wiley
Copyright
2000 Blackwell Publishers Ltd.
ISSN
0954-1985
eISSN
1468-0343
DOI
10.1111/1468-0343.00066
Publisher site
See Article on Publisher Site

Abstract

This article forges an explicit link between an objective measure of political constraints and variation in cross‐national growth rates. It derives a new measure of political constraints from a simple spatial model of political interaction that incorporates information on the number of independent branches of government with veto power and the distribution of preferences across and within those branches. The derived variable is found to have a statistically and economically significant impact on growth rates using simple ordinary least squares, three‐stage least squares and generalized method of moments estimation techniques.

Journal

Economics & PoliticsWiley

Published: Mar 1, 2000

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