Do Institutions Rule? The Role of Heterogeneity In The Institutions Vs. Geography Debate

Kourtellos, Andros; Stengos, Thanasis; Tan, Chih Ming

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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

See all articles by Andros Kourtellos

Andros Kourtellos

University of Cyprus - Department of Economics; University of Bologna - Rimini Center for Economic Analysis (RCEA)

Thanasis Stengos

University of Guelph - Department of Economics

Chih Ming Tan

University of North Dakota - College of Business & Public Administration - Department of Economics

Date Written: July 2, 2010

Abstract

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

Kourtellos, Andros and Stengos, Thanasis and Tan, Chih Ming, Do Institutions Rule? The Role of Heterogeneity In The Institutions Vs. Geography Debate (July 2, 2010). Economics Bulletin, Vol. 30, No. 3, pp. 1710-1719, Available at SSRN: https://ssrn.com/abstract=1420802