| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8871 |
| DP8871 Income Growth and Institutional Quality: Evidence from International Oil Price Shocks | |
| Mark Gradstein; Markus Brückner | |
| 发表日期 | 2012-03-01 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | In this paper, we study the causal effect of income growth on institutional quality in the 1984-2007 cross country panel. To focus on exogenous income windfalls, we employ international oil price shocks as an instrument for income growth. While national incomes and measures of institutional quality are highly correlated, our analysis fails to identify a clear pattern of a causal effect, and estimations often yield statistically insignificant coefficients, albeit with positive signs. We then explore the possibility that fixed country characteristics may mediate the effect of income on institutions. Focusing on measures of ethnic heterogeneity, we find that ethnic polarization acts adversely as a mediating factor in this regard. |
| 主题 | Development Economics ; International Macroeconomics ; Public Economics |
| 关键词 | Income growth Institutional quality |
| URL | https://cepr.org/publications/dp8871 |
| 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/537708 |
| 推荐引用方式 GB/T 7714 | Mark Gradstein,Markus Brückner. DP8871 Income Growth and Institutional Quality: Evidence from International Oil Price Shocks. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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