Volume 19, Issue 1 (4-2014)
JPBUD 2014, 19(1): 151-178 |
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Sobhani H, Bayat S. (2014). Comparing the Effects of Improving Economic and Political Institutions on per Capita Income in Oil-Exporting and Industrial Countries. JPBUD. 19(1), 151-178.
URL: http://jpbud.ir/article-1-1140-en.html
URL: http://jpbud.ir/article-1-1140-en.html
1- Professor of Economics, Faculty of Economics, University of Tehran, Iran.
2- Ph.D Student, University of Tehran and Researcher in Monetary and Banking Research Institute, Iran ,bayat_461@ut.ac.ir
2- Ph.D Student, University of Tehran and Researcher in Monetary and Banking Research Institute, Iran ,
Abstract: (7126 Views)
This paper comparatively investigates different effects of improving economic and political institutions on per capita income in the countries whose institutional performance is evaluated either ideal or else. For this purpose, this study applies econometric analysis of cross-sectional data. In the econometric approach, the effect of improving institutions on per capita income of G20 countries is compared with that of oil-exporting countries. The results show that the effect of improving institutions on per capita income in oil exporting countries with low institutional performance is greater than that in G20 countries, where the institutional performance is visibly good. Hence, the constitutional law executives in oil exporting countries should try to improve their economic and political institutional arrangements more robustly than those in industrial states.
Keywords: Economic and Political Institutions, Per Capita Income, Cross-sectional Econometrics, Oil-Exporting Countries, G20 Countries
Type of Study: Research |
Received: Feb 18 2015 | Accepted: Feb 18 2015 | ePublished: Feb 18 2015
Received: Feb 18 2015 | Accepted: Feb 18 2015 | ePublished: Feb 18 2015
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