A Review of "Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development" (PDF)
(Sprache: Englisch)
Seminar paper from the year 2015 in the subject Business economics - Economic Policy, grade: 1,7, Technical University of Darmstadt (Fachgebiet Internationale Wirtschaft), language: English, abstract: Rodrik, Subramanian, and Trebbi (2002) contribute to the...
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Seminar paper from the year 2015 in the subject Business economics - Economic Policy, grade: 1,7, Technical University of Darmstadt (Fachgebiet Internationale Wirtschaft), language: English, abstract: Rodrik, Subramanian, and Trebbi (2002) contribute to the discussion on the impact of geography, institutions and international trade on cross-national differences in income levels. They find that only institutions exert a significant direct impact on incomes. Meanwhile, international trade has no direct effect and geography has at best weak direct effects on incomes.
Examining its empirical framework, I find that the way the study measures geography is inadequate and that the framework therefore does not treat the three "deeper determinants" equally in the sense of giving the geography-hypothesis a smaller chance to prevail. Based on this finding, the underlying structure is adjusted and developed further to provide an improved basis for future analyses.
Examining its empirical framework, I find that the way the study measures geography is inadequate and that the framework therefore does not treat the three "deeper determinants" equally in the sense of giving the geography-hypothesis a smaller chance to prevail. Based on this finding, the underlying structure is adjusted and developed further to provide an improved basis for future analyses.
Bibliographische Angaben
- Autor: Peter Hartlieb
- 2016, 1. Auflage, 22 Seiten, Englisch
- Verlag: GRIN Verlag
- ISBN-10: 3668150222
- ISBN-13: 9783668150225
- Erscheinungsdatum: 15.02.2016
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