Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/95653 
Year of Publication: 
2013
Series/Report no.: 
IFN Working Paper No. 997
Publisher: 
Research Institute of Industrial Economics (IFN), Stockholm
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.
Subjects: 
globalization
institutional quality
developing countries
JEL: 
H83
F63
O11
Document Type: 
Working Paper

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