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Institutions and growth: the times-series and cross-section evidence

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  • ROS, JAIME

Abstract

In his comprehensive analysis of the relationship between institutions and economic growth, Ha-Joon Chang, in his article ‘Institutions and Economic Development: Theory, Policy and History’, reviews the empirical evidence on this relationship emphasizing the contrast between the conclusions that one can derive from the time-series evidence and the claims often made in favor of ‘liberalized institutions’ based on the results of cross-section studies. Does the time-series evidence contradict the results of cross-section studies regarding the relationship between institutions and growth? In this comment, I argue that in stressing the contrast between these two kinds of evidence, Chang falls short of a full criticism, consistent with his theoretical analysis, of cross-section studies while at the same time failing to infer what the time-series evidence really shows.

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  • Ros, Jaime, 2011. "Institutions and growth: the times-series and cross-section evidence," Journal of Institutional Economics, Cambridge University Press, vol. 7(4), pages 567-570, December.
    • Handle: RePEc:cup:jinsec:v:7:y:2011:i:04:p:567-570_00
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    Cited by:

    1. Palma, J. & Pincus, J., 2022. "Is Southeast Asia falling into a Latin American style “middle-income trap†?," Cambridge Working Papers in Economics 2267, Faculty of Economics, University of Cambridge.

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