TY - JOUR
T1 - Causality and feedback between institutional measures and economic growth
AU - Chong, Alberto
AU - Calderón, César
PY - 2000/1/1
Y1 - 2000/1/1
N2 - Recent cross-section studies have demonstrated a strong link between measures of corruption, bureaucratic quality, property rights, and other institutional variables, and economic growth. In this paper we build on previous research and present some empirical evidence on the direction of causality between institutional measures and growth. It appears that the poorer the country, and the longer the wait, the higher the influence of institutional quality on economic growth. However, we also show the existence of reverse causality. Indeed, it appears that economic growth also causes institutional quality.
AB - Recent cross-section studies have demonstrated a strong link between measures of corruption, bureaucratic quality, property rights, and other institutional variables, and economic growth. In this paper we build on previous research and present some empirical evidence on the direction of causality between institutional measures and growth. It appears that the poorer the country, and the longer the wait, the higher the influence of institutional quality on economic growth. However, we also show the existence of reverse causality. Indeed, it appears that economic growth also causes institutional quality.
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=0002315577&origin=inward
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=0002315577&origin=inward
U2 - 10.1111/1468-0343.00069
DO - 10.1111/1468-0343.00069
M3 - Article in a journal
SN - 0954-1985
VL - 12
SP - 69
EP - 81
JO - Economics and Politics
JF - Economics and Politics
IS - 1
ER -
