{"title":"Investigating the Cross Country Causal Relationship between Institutions and Economic Performance: A Panel Cointegration Analysis","authors":"D. Siddiqui","doi":"10.2139/ssrn.3271699","DOIUrl":null,"url":null,"abstract":"This paper analyzes the long-run dynamics between quality of institutions measured by recently developed Index of institutionalized social technologies, and Economic performance in the sample of 84 countries covering the period 2002-2006. Panel cointegration tests and FM OLS (Fully Modified OLS) estimators are used to test for cointegration. Institutional quality and growth are found to have long run positive cointegrating relationship.","PeriodicalId":144069,"journal":{"name":"ERN: Institutional Change & Economic Growth (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2013-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Institutional Change & Economic Growth (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3271699","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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Abstract
This paper analyzes the long-run dynamics between quality of institutions measured by recently developed Index of institutionalized social technologies, and Economic performance in the sample of 84 countries covering the period 2002-2006. Panel cointegration tests and FM OLS (Fully Modified OLS) estimators are used to test for cointegration. Institutional quality and growth are found to have long run positive cointegrating relationship.
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