Skip to main content

Institutions and growth: evidence from estimation methods robust to weak instruments

Buy Article:

$47.00 plus tax (Refund Policy)

This article focuses on the empirical approach proposed by Hall and Jones (1999) to estimate the effect of what they call ‘social infrastructure’ on productivity across countries. We consider the issue of weak identification in their linear instrumental variables model. The evidence obtained from partially robust estimators, such as the k-class and jackknife estimators, is interpreted on the basis of Monte Carlo studies. Our findings suggest that using certain k-class estimators allows exclusive reliance on the linguistic variables to instrument for institutional quality despite their low correlation with the endogenous regressor in question.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Data/Media
No Metrics

Keywords: C15; O40; growth; institutions; robust estimators; weak instruments

Document Type: Research Article

Affiliations: School of Economics, Australian School of Business,The University of New South Wales, Sydney,NSW 2052, Australia

Publication date: 2013-05-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more