Scholarly Comments on Academic Economics

The Empirical Institutions-Growth Literature: Is Something Amiss at the Top?

by

Read this article

Access statistics
7,947 article downloads
10,518 complete issue downloads
Total: 18,465

Abstract

The initial publication of the Fraser Institute’s Economic Freedom of the World index prompted an explosion of empirical research on the institutions-growth relationship. To date, little of this research has appeared in the top economics journals. Subsequently, a number of empirical growth studies using alternative sources of data on institutions have appeared in top journals. This paper explores the two tracks of empirical research on the institutions-growth relationship—one track that recognizes all the relevant literature, and one that seems wanting in that respect.