To What Extent Is the Institutional Environment Responsible for Worldwide Differences in Economic Development

This study aims to assess to what extent the institutional environment is responsible for worldwide differences in economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The analysis covers 153 countries and the period 1994-2009. The em...

Full description

Bibliographic Details
Main Author: Mariusz Próchniak
Format: Article
Language:English
Published: University of Economics and Human Sciences in Warsaw 2013-10-01
Series:Contemporary Economics
Online Access:http://ce.vizja.pl/en/download-pdf/id/288