2012

The Growth Effects of Institutional Instability

Reprint No. 2012:14

Author(s): Niclas Berggren, Andreas Bergh and Christian BjørnskovYear: 2012 Title: Journal of Institutional Economics Volume (No.): 8 (2) Pages: 187–224
Online article (restrictions may apply)


We study the effects of institutional instability on growth. Using principal components analysis, we construct measures of institutional quality and instability from the political risk index of the International Country Risk Guide. A panel-data analysis of 132 countries during 1984–2004 reveals that institutional quality, especially with regard to the legal system and the protection of property rights, is positively linked to growth. As for institutional instability, we find evidence of a positive relationship in rich countries but a negative link in poor countries, suggesting that instability may reduce problems of institutional sclerosis in the former and that instability primarily entails an increase in transactions costs and uncertainty in the latter.


Reference:
Berggren, Niclas, Andreas Bergh and Christian Bjørnskov (2012), "The Growth Effects of Institutional Instability". Journal of Institutional Economics 8(2), 187–224.

Niclas Berggren

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Ph: +46 8 665 4520
niclas.berggren@ifn.se

Andreas Bergh

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Mob: 070 779 0734
andreas.bergh@ifn.se

Christian Bjørnskov

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Ph: +45 87 16 48 19
Mob: +45 20 12 03 84
chbj@econ.au.dk

Integrating Immigrants into the Nordic Labour Markets

An Overall Perspective

Pages-from-2019-Calmfors-Gassen---Integrating-Immigrants-into-the-Nordic-Labour-Markets.gif

Denmark, Finland, Norway and Sweden face similar problems of integrating large groups of immigrants, especially low-educated ones from outside the EU, into their labour markets. In this volume, edited by Lars Calmfors, IFN, and Nora Sánchez Gassen in cooperation with researchers from across the Nordic Region analyse how labour market integration of immigrants can be promoted. 

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