Do Institutions Rule? The Role of Heterogeneity In The Institutions Vs. Geography Debate
Economics Bulletin, Vol. 30, No. 3, pp. 1710-1719
10 Pages Posted: 18 Jun 2009 Last revised: 24 Apr 2011
Date Written: July 2, 2010
We uncover evidence of substantial heterogeneity in the growth experience of countries using a structural threshold regression methodology. Our findings suggest that studies that seek to promote mono-causal explanations in the institutions versus geography debate in growth are potentially misleading.
Keywords: Threshold Regression, Endogenous Threshold Variables, Growth, Institutions, Geography
JEL Classification: C21, C51, O47, O43
Suggested Citation: Suggested Citation