Economic freedom, good governance and the dynamics of development
| Autor: | Vicente J. Montes-Gan, Eva Medina-Moral |
|---|---|
| Přispěvatelé: | UAM. Departamento de Economía Aplicada |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
democracy
Corporate governance media_common.quotation_subject 05 social sciences economic freedom Democracy 0506 political science Economía Economic freedom Good governance Development (topology) governance Dynamics (music) growth regressions 0502 economics and business Heterogeneity in crosscountry analysis 050602 political science & public administration Economics 050207 economics Economic system Empirical evidence General Economics Econometrics and Finance media_common |
| Zdroj: | Biblos-e Archivo. Repositorio Institucional de la UAM instname |
| Popis: | The purpose of this research is to provide empirical evidence about what institutions are most likely to favor development in its different stages. Firstly, we identify the three development stages that prevailed in the world between 1996 and 2011 according to the income classi- fication of the World Bank corroborated with data from the UNDP Human Development Index. Secondly, we consider that a country had a“successful”behavior if it improved its development stage in that period. Grouping countries based on“success”, instead of according to the income level, allows us to introduce the dynamics of development in the analysis. Thirdly, we formulate a panel data and a probit model to determine the institutions thatare behind the success cases. The results identified economic freedom as the most important institution in all development stages; governance was also found essential, but only in the countries in the intermediate stage of development |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|