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Institutional change and persistence: What does the long-run evidence tell us?

Author

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  • Antonio Savoia
  • Kunal Sen
  • Abrams M.E. Tagem

Abstract

There is a broad agreement that political and economic institutions matter for long-term development. Yet relatively little is known as to how to adopt good quality institutions and reform weak or poor institutions, for which one needs to know how institutions change. This paper provides a systematic econometric investigation of long-run patterns of institutional change, offering panel time series evidence that allows for different forms of country-specific heterogeneity and cross-section dependence.

Suggested Citation

  • Antonio Savoia & Kunal Sen & Abrams M.E. Tagem, 2024. "Institutional change and persistence: What does the long-run evidence tell us?," WIDER Working Paper Series wp-2024-39, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2024-39
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2024-39-institutional-change-and-persistence.pdf
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    References listed on IDEAS

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    4. Daron Acemoglu & Simon Johnson & James Robinson, 2005. "The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth," American Economic Review, American Economic Association, vol. 95(3), pages 546-579, June.
    5. Hall, Peter A. & Gingerich, Daniel W., 2009. "Varieties of Capitalism and Institutional Complementarities in the Political Economy: An Empirical Analysis," British Journal of Political Science, Cambridge University Press, vol. 39(3), pages 449-482, July.
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    7. Yifu Lin, Justin & Nugent, Jeffrey B., 1995. "Institutions and economic development," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 38, pages 2301-2370, Elsevier.
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    More about this item

    Keywords

    Institutions; Institutional change; Rule of law; Property rights; Constraints on the executive;
    All these keywords.

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