Do institutions matter for growth? Evidence from East Asian countries
Mahyudin Ahmad and
Stephen Hall
MPRA Paper from University Library of Munich, Germany
Abstract:
Utilizing neoclassical growth framework augmented with institutional controls and latest estimation technique in panel data analysis, this study identifies the crucial institutional qualities in East Asian and other developing countries and uncovers the channel of their effects toward economic growth. Furthermore, it extends the empirical evidence on the institutional importance toward economic growth in the developing countries particularly the East Asian countries which, apart from Rodrik (1997) and Campos and Nugent (1999), have somehow been left out from the empirical investigation.
Keywords: Institutions; economic growth; Asian Financial Crisis; dynamic panel analysis; generalized methods of moments (search for similar items in EconPapers)
JEL-codes: E13 O43 (search for similar items in EconPapers)
Date: 2012-09-24
New Economics Papers: this item is included in nep-cwa and nep-fdg
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:42158
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