Publication: Institutions, Trade, and Growth : Revisiting the Evidence
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Published
2003-03
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Date
2014-05-13
Author(s)
Dollar, David
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Abstract
Several recent papers have attempted to identify the partial effects of trade integration and institutional quality on long-run growth using the geographical determinants of trade and the historical determinants of institutions as instruments. The authors show that many of the specifications in these papers are weakly identified despite the apparently good performance of the instruments in first-stage regressions. Consequently, they argue that the cross-country variation in institutions, trade, and their geographical and historical determinants is not very informative about the partial effects of these variables on long-run growth.
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“Dollar, David; Kraay, Aart. 2003. Institutions, Trade, and Growth : Revisiting the Evidence. Policy, Research working paper series;no.
WPS 3004; Policy Research Working Paper;No. 3004. © http://hdl.handle.net/10986/18286 License: CC BY 3.0 IGO.”
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