| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4683 |
| DP4683 The Politics Of Debt Crises | |
| Beatrice Weder di Mauro; Caroline Van Rijckeghem | |
| 发表日期 | 2004-10-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We estimate the interrelationships among economic institutions, political institutions, openness, and income levels, using identification through heteroskedasticity (IH). We split our cross-national dataset into two sub-samples: (i) colonies versus non-colonies; and (ii) continents aligned on an East-West versus those aligned on a North-South axis. We exploit the difference in the structural variances in these two sub-samples to gain identification. We find that democracy and the rule of law are both good for economic performance, but the latter has a much stronger impact on incomes. Openness (trade/GDP) has a negative impact on income levels and democracy, but a positive effect on rule of law. Higher income produces greater openness and better institutions, but these effects are not very strong. Rule of law and democracy tend to be mutually reinforcing. |
| 主题 | Public Economics |
| 关键词 | Growth |
| URL | https://cepr.org/publications/dp4683 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533604 |
| 推荐引用方式 GB/T 7714 | Beatrice Weder di Mauro,Caroline Van Rijckeghem. DP4683 The Politics Of Debt Crises. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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