Autori: Verga, Giovanni, Mastromatteo, Giuseppe
Titolo: Institutional variables, capital flows and GDP: a causality analysis
Periodico: Studi economici [1950]
Anno: 2007 - Volume: 62 - Fascicolo: 91 - Pagina iniziale: 25 - Pagina finale: 54

Institutional Variables, Capital Flows and GDP: A Causality Analysis (by Giuseppe Mastromatteo, Giovanni Verga) - ABSTRACT: uring the last years the effects of socio-institutional and political variables on economic conditions has gained importance in the literature. This paper investigates the links between socio-institutional variables and capital inflows and GDP relative to a sample of countries for the years 2003-2004. First of all, the causality relationships between the variables under consideration are investigated and identified by means of a particular software, called TETRAD; after that, a system of equations is estimated. The results support the hypothesis that economic freedom is crucial for both capital flows and GDP. Keywords: Institutional Variables, Capital Flows, Freedom Indices, GDP, Causality




SICI: 0039-2928(2007)62:91<25:IVCFAG>2.0.ZU;2-8
Testo completo: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=32326&Tipo=Articolo PDF

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