Institutions and economic development: a Granger causality analysis of panel data evidence

• Main Authors: Law, Siong Hook, Lim, Thong Cheen, Ismail, Normaz Wana
• Format: Article
• Language: English
• Published: Elsevier 2013
• Online Access: http://psasir.upm.edu.my/id/eprint/28315/1/Institutions%20and%20economic%20development.pdf; http://psasir.upm.edu.my/id/eprint/28315/

This study examines the causal relationship between institutions and economic development using a panel Granger causality test. The study incorporates two institutional datasets, the International Country Risk Guide (ICRG) and World Governance Indicators (WGI). The empirical results based on 60 coun...