The impact on institutions, culture and religion on per capita income

Dobler, Constanze

Eingang zum Volltext

Dobler, Constanze

The impact on institutions, culture and religion on per capita income

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgende
URN: urn:nbn:de:bsz:100-opus-4443
URL: http://opus.uni-hohenheim.de/volltexte/2010/444/

pdf-Format:

Dokument 1.pdf (293 KB)

Dokument in Google Scholar suchen:

Social Media:

Export:

Abrufstatistik:

SWD-Schlagwörter:

Wachstumstheorie , Einkommen , Institutionenökonomie

Freie Schlagwörter (Englisch):

culture , economic development , institutions , property rights , religion

Institut:

Institut für Volkswirtschaftslehre (bis 2010)

DDC-Sachgruppe:

Wirtschaft

Dokumentart:

ResearchPaper

Schriftenreihe:

Schriftenreihe des Promotionsschwerpunkts Globalisierung und Beschäftigung

Bandnummer:

Sprache:

Englisch

Erstellungsjahr:

2009

Publikationsdatum:

20.04.2010

Lizenz:

Veröffentlichungsvertrag mit der Universitätsbibliothek Hohenheim ohne Print-on-Demand

Kurzfassung auf Englisch:

Despite many approaches of neoclassical and endogenous growth theory, economists still face problems in explaining the reasons for income differences between countries. Institutional economics and the deep determinants of growth literature try to depart from pure economic facts to examine economic development. Therefore, this article analyzes the impact of institutions, geography, and integration on per capita income. Concerning theoretical reasoning, emphasis is on the emergence of institutions and their effect on economic growth. However, institutions can appear in different shapes since political, legal, and economic restrictions are not the only constraints on human behaviour. Norms and values also limit possible actions. Therefore, a differentiation between formal and informal institutions is made. Informal institutions are defined as beliefs, attitudes, moral, conventions, and codes of
conduct.
Property rights are assumed to be the basic formal institutional feature for economic success. Despite their direct impact on growth through individual utility maximization, property rights also make a statement concerning the political and legal environment of a country. Regarding the regression analysis, different religious affiliations are used as instrumental variables for formal and informal institutions.
The regression results affirm a crucial role of informal and formal institutions concerning economic development. However, a high proportion of Protestant citizens encourage informal institutions that support economic growth, while a high Muslim proportion of the population is negatively correlated with growth-supporting formal institutions.