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https://ssrn.com/abstract=636366
 
 

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Institutions, Trade, and Growth: Revisiting the Evidence


David Dollar


World Bank - Development Economics Group (DEC)

Aart Kraay


World Bank - Development Research Group (DECRG)

March 2003

World Bank Policy Research Working Paper No. 3004

Abstract:     
Several recent papers have attempted to identify the partial effects of trade integration and institutional quality on long-run growth using the geographical determinants of trade and the historical determinants of institutions as instruments. Dollar and Kraay show that many of the specifications in these papers are weakly identified despite the apparently good performance of the instruments in first-stage regressions. Consequently, they argue that the cross-country variation in institutions, trade, and their geographical and historical determinants is not very informative about the partial effects of these variables on long-run growth.

This paper - a product of Investment Climate, Development Research Group - is part of a larger effort in the group to study institutions and development.

Number of Pages in PDF File: 30


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Date posted: April 20, 2016  

Suggested Citation

Dollar, David and Kraay, Aart, Institutions, Trade, and Growth: Revisiting the Evidence (March 2003). World Bank Policy Research Working Paper No. 3004. Available at SSRN: https://ssrn.com/abstract=636366

Contact Information

David Dollar (Contact Author)
World Bank - Development Economics Group (DEC) ( email )
1818 H Street, N.W.
Washington, DC 20433
United States
Aart Kraay
World Bank - Development Research Group (DECRG) ( email )
1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States
202-473-5756 (Phone)
202-522-3518 (Fax)
HOME PAGE: http://econ.worldbank.org/staff/akraay
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