Working Paper Series
More Open – Better Governed? Evidence from High- and Low-income Countries
(), Irina Mirkina and Therese Nilsson
Abstract: Using World Bank data on institutional quality and the KOF
Globalization Index, we examine over 100 countries from 1992 to 2010 to
analyze the relationship between economic and social globalization and six
measures of institutional quality. Theoretically, the incentives of elites
to respond to globalization by improving institutions should differ between
low-income and high-income countries. Empirically, increasing economic
flows and social globalization are followed by improving institutions in
rich countries, while the effect is the opposite for low-income countries.
Previous findings of positive effects of trade on institutional quality are
likely driven by rich countries.
Keywords: Globalization; Institutional quality; Developing countries; (follow links to similar papers)
JEL-Codes: F63; H83; O11; (follow links to similar papers)
41 pages, December 16, 2013
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