Article ID Journal Published Year Pages File Type
5092086 Journal of Comparative Economics 2013 28 Pages PDF
Abstract
► We use a factor model to define four governance measures at the country level. ► We estimate the factor model using 40 expert opinion variables. ► We assess each factor's impact on per capita income using IV regressions. ► We control for the effects of geography (malaria risk) and trade. ► Two factors - market infrastructure and civil liberties - cause income to rise.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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