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| Tekijä: | Bockstette, V. Chanda, A. Putterman, L. |
| Otsikko: | States and markets: the advantage of an early start |
| Lehti: | Journal of Economic Growth
2002 : DEC, VOL. 7:4, p. 347-369 |
| Asiasana: | Economic growth Economic development Country comparisons |
| Kieli: | eng |
| Tiivistelmä: | The authors show that state antiquity is significantly correlated with measures of political stability and institutional quality, with income per capita, and with the rate of economic growth between 1960 and 1995. State antiquity contributes significantly to the explanation of differenes in growth rates, explaining half of the differences in growth rates between countries like China and Mauritania, which are located at the two ends of the spectrum. IUt is also a good instrument for "social infrastructure", which explains cross-country differences in worker productivity. |
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