Why regions fail (or succeed). The Role of Government Institutions in the Long-Run
This paper represents an attempt to reconcile some general intuitions provided by Daron Acemoglu and James A. Robinson in the book “Why Nations Fail” with the case of the deep regional disparities in the economic performances observed within the “Western” European Union during the period 2001-2015....
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| Format: | Article |
| Language: | English |
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University of A Coruna
2019-12-01
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| Series: | European Journal of Government and Economics |
| Subjects: | |
| Online Access: | http://revistas.udc.es/index.php/ejge/article/view/4989 |
| _version_ | 1818067279427928064 |
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| author | Filippo Bonanno |
| author_facet | Filippo Bonanno |
| author_sort | Filippo Bonanno |
| collection | DOAJ |
| description | This paper represents an attempt to reconcile some general intuitions provided by Daron Acemoglu and James A. Robinson in the book “Why Nations Fail” with the case of the deep regional disparities in the economic performances observed within the “Western” European Union during the period 2001-2015. By adopting an approach to growth analysis based on binary response models, this paper quantifies the extent to which the quality of government institutions has shaped regional economic performances in the European Union throughout the period comprising the Great Recession. Empirical results show that: 1) The higher is the quality of institutions, the higher is the probability that a region with high income per capita will grow above the levels of the European Union as a whole. 2) The higher is the quality of institutions, the lower is the probability that a low-income region will grow below the levels of European Union as a whole. 3) The higher is the quality of institutions, the higher (lower) is the probability that any region, regardless of its income per capita, will outperform (underperform) the European Union as a whole. 4) The higher is the quality of Institutions, the lower is the probability that a region will “fail” to grow. |
| first_indexed | 2024-12-10T15:21:09Z |
| format | Article |
| id | doaj.art-13c4d25035284ebbac45a9e25dbef60a |
| institution | Directory Open Access Journal |
| issn | 2254-7088 |
| language | English |
| last_indexed | 2024-12-10T15:21:09Z |
| publishDate | 2019-12-01 |
| publisher | University of A Coruna |
| record_format | Article |
| series | European Journal of Government and Economics |
| spelling | doaj.art-13c4d25035284ebbac45a9e25dbef60a2022-12-22T01:43:41ZengUniversity of A CorunaEuropean Journal of Government and Economics2254-70882019-12-018210.17979/ejge.2019.8.2.4989Why regions fail (or succeed). The Role of Government Institutions in the Long-RunFilippo Bonanno0Universidad Complutense de Madrid, SpainThis paper represents an attempt to reconcile some general intuitions provided by Daron Acemoglu and James A. Robinson in the book “Why Nations Fail” with the case of the deep regional disparities in the economic performances observed within the “Western” European Union during the period 2001-2015. By adopting an approach to growth analysis based on binary response models, this paper quantifies the extent to which the quality of government institutions has shaped regional economic performances in the European Union throughout the period comprising the Great Recession. Empirical results show that: 1) The higher is the quality of institutions, the higher is the probability that a region with high income per capita will grow above the levels of the European Union as a whole. 2) The higher is the quality of institutions, the lower is the probability that a low-income region will grow below the levels of European Union as a whole. 3) The higher is the quality of institutions, the higher (lower) is the probability that any region, regardless of its income per capita, will outperform (underperform) the European Union as a whole. 4) The higher is the quality of Institutions, the lower is the probability that a region will “fail” to grow.http://revistas.udc.es/index.php/ejge/article/view/4989quality of institutionsEuropean Unioneconomic performance |
| spellingShingle | Filippo Bonanno Why regions fail (or succeed). The Role of Government Institutions in the Long-Run European Journal of Government and Economics quality of institutions European Union economic performance |
| title | Why regions fail (or succeed). The Role of Government Institutions in the Long-Run |
| title_full | Why regions fail (or succeed). The Role of Government Institutions in the Long-Run |
| title_fullStr | Why regions fail (or succeed). The Role of Government Institutions in the Long-Run |
| title_full_unstemmed | Why regions fail (or succeed). The Role of Government Institutions in the Long-Run |
| title_short | Why regions fail (or succeed). The Role of Government Institutions in the Long-Run |
| title_sort | why regions fail or succeed the role of government institutions in the long run |
| topic | quality of institutions European Union economic performance |
| url | http://revistas.udc.es/index.php/ejge/article/view/4989 |
| work_keys_str_mv | AT filippobonanno whyregionsfailorsucceedtheroleofgovernmentinstitutionsinthelongrun |