Publication:
Industrial Growth and the Quality of Institutions : What Do (Transition) Economies Have to Gain from the Rule of Law?

dc.contributor.authorGrigorian, David A.
dc.contributor.authorMartinez, Albert
dc.date.accessioned2014-08-26T22:08:18Z
dc.date.available2014-08-26T22:08:18Z
dc.date.issued2000-11
dc.description.abstractThe authors empirically test the link between industrial growth and indicators of institutional quality. They find significant evidence that institutional quality affects inindustrial growth in 27 Asian and Latin American countries. Their results suggest that the development of the legal and regulatory framework works its way to industrial growth through both investment and total factor productivity. The implications for policymakers in transition economies: Institution building should complement privatization, public and private investment in education, research and development, and measures to promote foreign direct investment. Specifically, policymakers should try to reduce corruption, eliminate bureacratic barriers, and improve the legal environment and contract enforcement. Special attention should also be given to measures to deepen financial intermediation, improve the financial sector infrastructure, and increase the efficiency of financial transactions.en
dc.identifierhttp://documents.worldbank.org/curated/en/2000/11/717452/industrial-growth-quality-institutions-transition-economies-gain-rule-law
dc.identifier.doi10.1596/1813-9450-2475
dc.identifier.urihttps://hdl.handle.net/10986/19743
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 2475
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADMINISTRATIVE BARRIERS
dc.subjectBARRIERS TO ENTRY
dc.subjectBENCHMARK
dc.subjectBUREAUCRACY
dc.subjectBUREAUCRATIC QUALITY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL STOCK
dc.subjectCENTRAL PLANNING
dc.subjectCIVIL LIBERTIES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCONVERGENCE
dc.subjectCORRUPTION
dc.subjectCOUNTRIES
dc.subjectCOUNTRY GROWTH
dc.subjectCOVARIANCE MATRIX
dc.subjectDEPENDENT VARIABLE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIRECT INVESTMENT
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMISTS
dc.subjectELASTICITIES
dc.subjectELASTICITY
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEMPIRICAL GROWTH LITERATURE
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPLOYMENT
dc.subjectENDOGENOUS GROWTH
dc.subjectERROR TERM
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE REGIMES
dc.subjectEXPLANATORY VARIABLES
dc.subjectEXPORTS
dc.subjectFINANCIAL DEPTH
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTORS
dc.subjectFOREIGN ENTRY
dc.subjectFOREIGN EXCHANGE
dc.subjectGDP
dc.subjectGROWTH MODEL
dc.subjectGROWTH REGRESSION
dc.subjectHUMAN CAPITAL
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINDEPENDENT VARIABLES
dc.subjectINDUSTRIAL POLICY
dc.subjectINDUSTRIAL SECTOR
dc.subjectINSTITUTIONAL CHANGE
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL QUALITY
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINSTITUTIONAL VARIABLES
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT RATE
dc.subjectINVESTMENT RATIO
dc.subjectIRREVERSIBILITY
dc.subjectLAW INDICATOR
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLIQUIDITY
dc.subjectLONG RUN
dc.subjectLONG-RUN GROWTH
dc.subjectM2
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC DETERMINANTS
dc.subjectMARGINAL EFFECT
dc.subjectMARGINAL PRODUCT
dc.subjectMARKET ECONOMIES
dc.subjectMONETARY ECONOMICS
dc.subjectNEW GROWTH THEORIES
dc.subjectOIL
dc.subjectOUTPUT GROWTH
dc.subjectOUTPUT PER CAPITA
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTITUTIONS
dc.subjectPOOR COUNTRIES
dc.subjectPOPULATION GROWTH
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR GROWTH
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION PROCESS
dc.subjectPRODUCTIVITY
dc.subjectPROPERTY RIGHTS
dc.subjectPROTECTIONS
dc.subjectPUBLIC GOOD
dc.subjectREGULATORY FRAMEWORK
dc.subjectRELATIVE IMPORTANCE
dc.subjectRESOURCE ALLOCATION
dc.subjectRETURNS TO SCALE
dc.subjectRULE OF LAW
dc.subjectSAFETY NET
dc.subjectSAVINGS
dc.subjectSIGNIFICANT EFFECT
dc.subjectSIGNIFICANT EVIDENCE
dc.subjectSTAGFLATION
dc.subjectSTANDARD ERRORS
dc.subjectSTREAMS
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTIME SERIES
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRANSACTION COSTS
dc.subjectTRANSITION
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSITION ECONOMY
dc.subjectVALUATION
dc.titleIndustrial Growth and the Quality of Institutions : What Do (Transition) Economies Have to Gain from the Rule of Law?en
dspace.entity.typePublication
okr.crossref.titleIndustrial Growth and the Quality of Institutions: What Do (Transition) Economies Have to Gain from the Rule of Law?
okr.date.disclosure2000-11-30
okr.date.doiregistration2025-04-10T09:26:49.969487Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2000/11/717452/industrial-growth-quality-institutions-transition-economies-gain-rule-law
okr.globalpracticePoverty
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid818581468739457114
okr.identifier.doi10.1596/1813-9450-2475
okr.identifier.externaldocumentum000094946_00111605302949
okr.identifier.internaldocumentum717452
okr.identifier.reportWPS2475
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2000/12/15/000094946_00111605302949/Rendered/PDF/multi_page.pdfen
okr.region.geographicalAsia
okr.region.geographicalLatin America
okr.sectorOther Public Sector Management
okr.sectorPublic Administration, Law, and Justice
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicEconomic Theory and Research
okr.topicEnvironmental Economics and Policies
okr.topicGovernance::Governance Indicators
okr.unitPrivate and Financial Sectors Development Unit, Europe and Central Asia Region
okr.volume1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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