The Institutional Environment for Economic Growth

  title={The Institutional Environment for Economic Growth},
  author={Witold J. Henisz},
This article forges an explicit link between an objective measure of political constraints and variation in cross-national growth rates. It derives a new measure of political constraints from a simple spatial model of political interaction that incorporates information on the number of independent branches of government with veto power and the distribution of preferences across and within those branches. The derived variable is found to have a statistically and economically significant impact… CONTINUE READING

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