Staffordshire University logo
STORE - Staffordshire Online Repository

Institutions and economic performance: A meta-regression analysis

EFENDIC, Adnan and PUGH, Geoff and ADNETT, Nick (2011) Institutions and economic performance: A meta-regression analysis. European Journal of Political Economy, 27 (3). pp. 586-599. ISSN 01762680

Full text not available from this repository. (Request a copy)

Abstract or description

This paper applies meta-regression analysis to the empirical literature that investigates the effect of institutions on economic performance. Although studies with growth-theoretic foundations do not yield robust evidence for an authentic empirical effect, we find more robust evidence of positive and large institutional effects on output levels. The partial correlations between institutional and economic performance variables are also influenced by model specification choices and, in particular, (non)treatment of the potential endogeneity of institutions. A corollary of such pronounced heterogeneities is that we cannot report a representative estimated effect size, although the evidence overwhelmingly suggests a positive influence of institutional quality on economic outcomes.

Item Type: Article
Subjects: L100 Economics
Faculty: Previous Faculty of Business, Education and Law > Business
Depositing User: Geoff PUGH
Date Deposited: 18 Sep 2013 17:07
Last Modified: 03 Oct 2013 14:36
URI: http://eprints.staffs.ac.uk/id/eprint/1568

Actions (login required)

View Item View Item

DisabledGo Staffordshire University is a recognised   Investor in People. Sustain Staffs
Legal | Freedom of Information | Site Map | Job Vacancies
Staffordshire University, College Road, Stoke-on-Trent, Staffordshire ST4 2DE t: +44 (0)1782 294000