Wanjiru, Roseline and Prime, Karla (2018) Institutions, Economic Growth and International Competitiveness: A Regional Study. In: Contemporary Issues in International Business. The Academy of International Business . Palgrave MacMillan, pp. 99-124. ISBN 9783319702193
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Wanjiru, Prime - Institutions, Economic Growth and International Competitiveness CHAPTER TEXT.pdf - Accepted Version Download (683kB) | Preview |
Abstract
This chapter focuses on institutions as key determinants of economic growth. We explore the effect of institutions in the Caribbean region that tends to be overlooked within mainstream IB research. Using a three-stage model, we test for cross-national variance and the influence of institutions on productivity and output. We found that institutions influence long-run economic performance and that some institutions matter more than others. Our evidence suggests that institutions designed to regulate and legitimise markets and constrain inefficiencies, significantly affect levels of productivity . In turn, institutions designed to stabilise markets could have a growth-maximising effect beyond which increased bureaucracy reduces incentives to increase productivity.
| Item Type: | Book Section |
|---|---|
| Subjects: | L100 Economics N100 Business studies |
| Department: | Faculties > Business and Law > Newcastle Business School |
| Related URLs: | |
| Depositing User: | Becky Skoyles |
| Date Deposited: | 05 Mar 2018 12:49 |
| Last Modified: | 31 Jul 2021 19:35 |
| URI: | http://nrl.northumbria.ac.uk/id/eprint/33594 |
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