Do institutions matter for growth? Evidence from East Asian countries

Abstract

Utilizing neoclassical growth framework augmented with institutional controls and latest estimation technique in panel data analysis, this study identifies the crucial institutional qualities in East Asian and other developing countries and uncovers the channel of their effects toward economic growth. Furthermore, it extends the empirical evidence on the institutional importance toward economic growth in the developing countries particularly the East Asian countries which, apart from Rodrik (1997) and Campos and Nugent (1999), have somehow been left out from the empirical investigation