Citation

Aixalá J, Fabro G. Econ. Aff. 2007; 27(3): 71-74.

Copyright

(Copyright © 2007, John Wiley and Sons)

DOI

10.1111/j.1468-0270.2007.00758.x

PMID

unavailable

Abstract

This paper shows that the inclusion of institutional indicators in a traditional model of growth substantially improves its explanatory capacity. The results have implications for economic policy, because not all the dimensions of institutional quality influence growth to the same extent. A large sample of 165 countries and estimation methods with instrumental variables are used to solve endogeneity problems.