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Institutions, trade, and growth : revisiting the evidence

Author: David Dollar; Aart Kraay; World Bank.
Publisher: Washington, D.C. : World Bank, [2003]
Series: Policy research working papers (Online), 3004.
Edition/Format:   eBook : EnglishView all editions and formats
Database:WorldCat
Summary:
Several recent papers have attempted to identify the partial effects of trade integration and institutional quality on long-run growth using the geographical determinants of trade and the historical determinants of institutions as instruments. Dollar and Kraay show that many of the specifications in these papers are weakly identified despite the apparently good performance of the instruments in first-stage  Read more...
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Details

Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: David Dollar; Aart Kraay; World Bank.
OCLC Number: 51931105
Notes: Title from title screen as viewed on March 25, 2003.
"March 20, 2003."
Description: 1 online resource.
Details: Mode of access: World Wide Web.
Series Title: Policy research working papers (Online), 3004.
Responsibility: David Dollar and Aart Kraay.

Abstract:

Several recent papers have attempted to identify the partial effects of trade integration and institutional quality on long-run growth using the geographical determinants of trade and the historical determinants of institutions as instruments. Dollar and Kraay show that many of the specifications in these papers are weakly identified despite the apparently good performance of the instruments in first-stage regressions. Consequently, they argue that the cross-country variation in institutions, trade, and their geographical and historical determinants is not very informative about the partial effects of these variables on long-run growth. This paper--a product of Investment Climate, Development Research Group--is part of a larger effort in the group to study institutions and development.

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