Scholarly Comments on Academic Economics

The Empirical Institutions-Growth Literature: Is Something Amiss at the Top?

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*John W. Dawson* is Associate Professor of Economics in the Walker College of Business at Appalachian State University in Boone, North Carolina. He earned his B.S. in economics from East Carolina University and his Ph.D. in economics from North Carolina S

Abstract

The initial publication of the Fraser Institute’s Economic Freedom of the World index prompted an explosion of empirical research on the institutions-growth relationship. To date, little of this research has appeared in the top economics journals. Subsequently, a number of empirical growth studies using alternative sources of data on institutions have appeared in top journals. This paper explores the two tracks of empirical research on the institutions-growth relationship—one track that recognizes all the relevant literature, and one that seems wanting in that respect.

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Volume (Issue)
Pages
184-196
Published
JEL classification
O47, P5
Keywords
Institutions, economic freedom, economic growth
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