The role of institutions in economic growth has recently begun to receive greater attention in academic circles. Although the impact of institutions has been acknowledged by most, definitive conclusions still remain a question, particularly given the problem of endogeneity. We use panel least squares estimation to consider the nexus between political liberalization and economic freedom. We seek to avoid the problem of endogeneity as well as examine the different aspects of institutional roles. We find conclusions for different aspects when controlling political liberalization or economic freedom.
|頁（從 - 到）||21-30|
|期刊||Applied Econometrics and International Development|
|出版狀態||已發佈 - 七月 2009|
ASJC Scopus subject areas
- Economics and Econometrics
- Political Science and International Relations