Institutions and the Stages of Growth

20 Pages Posted: 25 Jan 2017

See all articles by Alan Green

Alan Green

Stetson University; Lander University

James Russo

Stetson University

Date Written: January 24, 2017

Abstract

This paper reconsiders growth regressions from the perspective of Walt Whitman Rostow’s classic growth stages framework. We revised Rostow’s stages and then code every country that has data available according to the framework. We then estimate growth regression by stage and with interaction variables between institutions and growth stages. We find that the determinants of growth do vary by stage and that different institutions have different impacts by stage.

Keywords: growth stages, institutions, property rights, contracts

JEL Classification: O44

Suggested Citation

Green, Alan and Russo, James, Institutions and the Stages of Growth (January 24, 2017). Available at SSRN: https://ssrn.com/abstract=2905055 or http://dx.doi.org/10.2139/ssrn.2905055

Alan Green (Contact Author)

Stetson University ( email )

Gulfport, FL 33707
United States

Lander University ( email )

Greenwood, SC 29649
United States

James Russo

Stetson University

Gulfport, FL 33707
United States

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