Catch-up in institutional quality: An empirical assessment

Arbeitspapier

There is a growing consensus among economists and policy makers that institutions matter for economic development and that institutional reforms should be a priority for developing economies. Considering the emphasis on institutional reforms, this study asks whether a catch-up in institutional quality has occurred across countries. The study uses data on 81 countries from 1985 to 2010 and tests the catch-up hypothesis using three different measures of institutional quality that capture both political and economic dimensions of institutions. The results indicate that a catch-up in economic institutional quality has occurred and that most countries with weak economic institutions have a higher rate of change than that of countries with strong economic institutions. In contrast, for political institutions, the catch-up process lasts only a few years.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CREDIT Research Paper ; No. 16/04

Classification and Topics

• Classification: Wirtschaft ; Institutions and the Macroeconomy ; Capitalist Systems: Property Rights ; Trade Policy; International Trade Organizations ; Other Economic Systems: Performance and Prospects
• Subject: catch-up ; institutional change ; institutions

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Khalid, Usman
• Event: Veröffentlichung
• (who): The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT)
• (where): Nottingham
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/162745
• Last update: 10.03.2025, 11:42 AM CET