Institutional change, political Instability and economic growth in Brazil since 1870 1.pdf (937.54 kB)
Political instability, institutional change and economic growth in Brazil since 1870
journal contribution
posted on 2023-06-10, 04:47 authored by Nauro Campos, Menelaos Karanasos, Panagiotis KoutroumpisPanagiotis Koutroumpis, Zihui ZhangAre institutions a deep cause of economic growth? This paper tries to answer this question in a novel manner by focusing on within-country variation, over long periods of time, using a new hand-collected data set on institutions and the power-ARCH econometric framework. Focusing on the case of Brazil since 1870, our results suggest (a) that both changes in formal political institutions and informal political instability affect economic growth negatively, (b) there are important differences in terms of their short- versus long-run behaviour, and (c) not all but just a few selected institutions affect economic growth in the long-run.
History
Publication status
- Published
File Version
- Accepted version
Journal
Journal of Institutional EconomicsISSN
1744-1374Publisher
Cambridge University Press (CUP)External DOI
Issue
6Volume
16Page range
883-910Department affiliated with
- Accounting and Finance Publications
Notes
This material has been published in Journal of Institutional Economics by Panagiotis Koutroumpis https://doi.org/10.1017/S174413742000020X. This version is free to view and download for private research and study only. Not for re-distribution or re-use. © Millennium Economics Ltd 2020.Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2022-09-21First Open Access (FOA) Date
2022-09-21First Compliant Deposit (FCD) Date
2022-09-20Usage metrics
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