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

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

Andros Kourtellos

University of Cyprus - Department of Economics ( email )

75 Kallipoleos Street
P.O. Box 20537
1678 Nicosia
Cyprus

University of Bologna - Rimini Center for Economic Analysis (RCEA) ( email )

Via Patara, 3
Rimini (RN), RN 47900
Italy

Thanasis Stengos

University of Guelph - Department of Economics ( email )

50 Stone Road East
Guelph, Ontario N1G 2W1
Canada

Chih Ming Tan (Contact Author)

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

293 Centennial Drive Stop 8369
Grand Forks, ND 58202-8369
United States

HOME PAGE: http://sites.google.com/site/chihmingtan/home

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