Do Institutions Matter More for Services?

Amin, Mohammad; Mattoo, Aaditya

doi:10.1596/1813-9450-4032

collection.link.5	https://openknowledge.worldbank.org/handle/10986/9
collection.name.5	Policy Research Working Papers
dc.contributor.author	Amin, Mohammad
dc.contributor.author	Mattoo, Aaditya
dc.date.accessioned	2012-06-26T14:26:03Z
dc.date.available	2012-06-26T14:26:03Z
dc.date.issued	2006-10
dc.date.lastModified	2021-04-23T14:02:41Z
dc.description.abstract	Recent empirical research has focused on the role of institutions in overall economic performance. This paper examines the impact of institutions on the relative performance of the service sector. Through cross-country level and growth regressions it establishes the following stylized fact: countries with better institutions have relatively larger and more dynamic service sectors. It suggests that regulatory and contract enforcing institutions play a key role in the development of service sectors because these sectors enter into a more complex web of transactions with the rest of the economy and are more prone to market failure due to asymmetric information.	en
dc.identifier	http://documents.worldbank.org/curated/en/2006/10/7125487/institutions-matter-more-services
dc.identifier.uri	http://hdl.handle.net/10986/9014
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Policy Research Working Paper; No. 4032
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	ADVERSE EFFECT
dc.subject	ADVERSE EFFECTS
dc.subject	ASYMMETRIC INFORMATION
dc.subject	BENCHMARK
dc.subject	CENTRAL PLANNING
dc.subject	CIVIL LAW
dc.subject	COMMON LAW
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	CORRUPTION
dc.subject	DEVELOPMENT ECONOMICS
dc.subject	DEVELOPMENT STRATEGY
dc.subject	ECONOMIC LIFE
dc.subject	ECONOMIC OUTCOMES
dc.subject	ECONOMIC PERFORMANCE
dc.subject	ECONOMIC STRUCTURE
dc.subject	ECONOMIC THEORIES
dc.subject	ECONOMICS RESEARCH
dc.subject	ELASTICITY
dc.subject	ENDOGENOUS VARIABLES
dc.subject	GDP
dc.subject	GDP PER CAPITA
dc.subject	GINI COEFFICIENT
dc.subject	GROWTH RATE
dc.subject	HUMAN CAPITAL
dc.subject	INCOME ELASTICITY OF DEMAND
dc.subject	LABOR MARKET
dc.subject	LAWS
dc.subject	LEGAL FRAMEWORK
dc.subject	LEGAL FRAMEWORKS
dc.subject	LEGAL SYSTEMS
dc.subject	PROPERTY RIGHTS
dc.subject	REAL INCOME
dc.subject	RULE OF LAW
dc.subject	SOLDIERS
dc.subject	TELECOMMUNICATIONS
dc.subject	VALUE ADDED
dc.title	Do Institutions Matter More for Services?	en
okr.doctype	Publications & Research :: Policy Research Working Paper
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/2006/10/7125487/institutions-matter-more-services
okr.globalpractice	Social, Urban, Rural and Resilience
okr.globalpractice	Macroeconomics and Fiscal Management
okr.globalpractice	Governance
okr.googlescholar.linkpresent	yes
okr.identifier.doi	10.1596/1813-9450-4032
okr.identifier.externaldocumentum	000016406_20061012094603
okr.identifier.internaldocumentum	7125487
okr.identifier.report	WPS4032
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/10/12/000016406_20061012094603/Rendered/PDF/wps4032.pdf	en
okr.topic	Law and Development :: Legal Products
okr.topic	Economic Theory and Research
okr.topic	Public Sector Corruption and Anticorruption Measures
okr.topic	Corruption and Anticorruption Law
okr.topic	Social Development :: Children and Youth
okr.topic	Macroeconomics and Economic Growth
okr.topic	Public Sector Development
okr.unit	Development Research Group (DECRG)
okr.volume	1 of 1

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