THE EFFECT OF INSTITUTION ON ECONOMIC GROWTH: THE CASE OF ASIAN COUNTRIES
- 발행기관 아주대학교
- 발행년도 2010
- 제출일 2010-04-22
- 학위수여년월 2010. 8
- 학위명 석사
- 학과 국제대학원 국제통상학과
- 실제URI http://www.dcollection.net/handler/ajou/000000010824
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
The study aims to provide a comprehensive overview about instituions by empirically investigating the quality of institution ？ led growth hypothesis in Asian countries. The G2SLS regression with random effect and IV regression methods are applied in order to estimate the specified equation used in the study. The panel data set utilized runs from 2000 to 2007. The results set that institution is determinant of economic growth in Asian countries, and institutions are more effective to prove their impact on growth directly than indirectly. Also ？Catch ？ Up？ effect would not apply in Asian countries as well as other regions.
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TABLE OF CONTENTS
Contents Page no
Abstract 1
CHAPTER 1 Introduction 3
CHAPTER 2 Literature review
2.1 Theoretical background 5
2.1.1 Institution 5
2.1.2 Economic model 6
2.1.3 Institution and economic growth 8
2.2 Empirical background 11
CHAPTER 3 Econometric model and empirical findings
3.1 Methodology 13
3.2 Data 15
3.3 Econometric model 18
3.4 Interpretations and discussions 23
3.5 Policy implications 26
CHAPTER 4 Conclusions and recommendation 28
REFERENCES 29
APPENDIXES 31
