Institutions and Integration: Sources of Economic Growth?

19 Pages Posted: 5 Oct 2012

See all articles by Jens Koeniger

Jens Koeniger

Ruhr University of Bochum - Faculty of Economics

Date Written: July 1, 2012

Abstract

Economic theory provides several arguments as to why institutions and economic integration determine economic growth through their impact on the diffusion of technology. The empirical evidence for a joint impact of institutions and integration is ambiguous and depends on finding adequate instruments. Relying on internal instruments only this paper finds evidence for both institutions and integration simultaneously having a positive influence on growth. However the impact of institutions is limited to better performing developing countries only.

Keywords: Institution, Integration, Openness, Trade, Growth

JEL Classification: F11, F43, C23

Suggested Citation

Koeniger, Jens, Institutions and Integration: Sources of Economic Growth? (July 1, 2012). Available at SSRN: https://ssrn.com/abstract=2156848 or http://dx.doi.org/10.2139/ssrn.2156848

Jens Koeniger (Contact Author)

Ruhr University of Bochum - Faculty of Economics ( email )

Ruhr University of Bochum
Faculty of Economics
D-44780 Bochum, DE 44780
Germany

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