Skip navigation
Skip navigation

Unbundled institutions, human capital and growth

Bhattacharyya, Sambit

Description

We investigate the partial effects of institutions and human capital on growth. We find that cross-country regressions of the log-level of per capita GDP on instrumented measures of institutions and schooling are uninformative about the relative importance of institutions and human capital in the long run because of multicollinearity problems. Using dynamic panel regressions we show that both institutions and human capital have significant effects on growth. Using Rodrik's [Rodrik, D., 2005....[Show more]

dc.contributor.authorBhattacharyya, Sambit
dc.date.accessioned2015-12-08T22:44:28Z
dc.identifier.issn0147-5967
dc.identifier.urihttp://hdl.handle.net/1885/37439
dc.description.abstractWe investigate the partial effects of institutions and human capital on growth. We find that cross-country regressions of the log-level of per capita GDP on instrumented measures of institutions and schooling are uninformative about the relative importance of institutions and human capital in the long run because of multicollinearity problems. Using dynamic panel regressions we show that both institutions and human capital have significant effects on growth. Using Rodrik's [Rodrik, D., 2005. Growth strategies. Handbook of Economic Growth 1 (1), 967-1014] four-way partition of institutions, we also unbundle institutions. We show that strong market creating institutions and market stabilising institutions are growth enhancing. Market regulating institutions matter up to a certain extent and market legitimising institutions does not seem to matter. Journal of Comparative Economics 37 (1) (2009) 106-120.
dc.publisherAcademic Press
dc.sourceJournal of Comparative Economics
dc.subjectKeywords: Growth; Human capital; Institutions
dc.titleUnbundled institutions, human capital and growth
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume37
dc.date.issued2009
local.identifier.absfor140211 - Labour Economics
local.identifier.ariespublicationu4002919xPUB149
local.type.statusPublished Version
local.contributor.affiliationBhattacharyya, Sambit, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.startpage106
local.bibliographicCitation.lastpage120
local.identifier.doi10.1016/j.jce.2008.08.001
dc.date.updated2016-02-24T10:21:52Z
local.identifier.scopusID2-s2.0-63249132599
local.identifier.thomsonID000265631700008
CollectionsANU Research Publications

Download

File Description SizeFormat Image
01_Bhattacharyya_Unbundled_institutions,_human_2009.pdf270.24 kBAdobe PDFThumbnail


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator