dc.contributor.author | Vu, Trung V. | |
dc.date.available | 2019-10-10T01:44:24Z | |
dc.date.copyright | 2019-10 | |
dc.identifier.citation | Vu, T. V. (2019). Does institutional quality foster economic complexity? (Economics Discussion Papers Series No. 1909). University of Otago. Retrieved from http://hdl.handle.net/10523/9664 | en |
dc.identifier.issn | 1178-2293 | |
dc.identifier.uri | http://hdl.handle.net/10523/9664 | |
dc.description.abstract | This paper examines the extent to which the quality of institutions, measured by the Economic Freedom of the World index, helps shape cross-country differences in economic complexity. To this end, I employ the intensity of ultraviolet radiation (UV-R) to isolate an exogenous source of variation in institutions, which helps circumvent endogeneity concerns. Empirical results indicate that the exogenous component of institutional quality exerts a strong and robust positive effect on economic complexity. The findings prevail after performing a battery of robustness tests. Furthermore, I find that institutions affect economic complexity by inducing human capital accumulation and providing incentives for innovative activities. | en_NZ |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | en_NZ |
dc.publisher | University of Otago | en_NZ |
dc.relation.ispartofseries | Economics Discussion Papers Series | en_NZ |
dc.rights | Attribution-NonCommercial-ShareAlike 4.0 International | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-sa/4.0/ | * |
dc.subject | Economic Complexity | en_NZ |
dc.subject | Economic Freedom | en_NZ |
dc.subject | Institutions | en_NZ |
dc.subject | Capabilities | en_NZ |
dc.subject | Productive Structures | en_NZ |
dc.title | Does institutional quality foster economic complexity? | en_NZ |
dc.type | Discussion Paper | en_NZ |
dc.date.updated | 2019-10-10T01:30:17Z | |
otago.school | Otago Business School / Department of Economics | en_NZ |
otago.openaccess | Open | en_NZ |
otago.relation.number | 1909 | en_NZ |