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- W2467762773 abstract "This article uses dynamic panel analysis to investi gate the relationship between institutional improvement and economic performance in transition countries. The contribution of this paper is two-fold. First, we f ind that per capita GDP is determined by the entire history of institutional r eform under transition and that, conditional on this history, per capita GDP adjusts to recent institutional changes. Moreover, we find that the time-horizon over which we measure institutional change matters, with five-year changes showing the cleares t effects on current levels of per capita GDP. Secondly, we address the pronounced methodological heterogeneity of this literature. To compensate for incomplete theor etical guidance from the institutional literature, we draw upon an instituti onal meta-regression analysis to inform our model specification. Then we check the r obustness of our estimates in a variety of ways: in particular, by a simple variant of extreme bounds analysis, in which model diagnostics are of central importance." @default.
- W2467762773 created "2016-07-22" @default.
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- W2467762773 date "2015-12-15" @default.
- W2467762773 modified "2023-09-28" @default.
- W2467762773 title "INSTITUTIONAL EFFECTS ON ECONOMIC PERFORMANCE IN TRANSITION: A DYNAMIC PANEL ANALYSIS" @default.
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