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Full-Text Articles in Social and Behavioral Sciences
Institutions And Economic Growth In Bric Nations, Doug Flink
Institutions And Economic Growth In Bric Nations, Doug Flink
Empirical Economic Bulletin, An Undergraduate Journal
This paper looks at the impact of institutions on economic growth in the six largest countries in BRIC countries, Brazil, Russia, India, and China. The study will us OLS to examine the time period between the years 2002 and 2011. More specifically, it will measure the effect of institutions through a variety of measures including democracy and regulatory related variables. Through ordinary least squares regression analysis, the variables for democracy and regulation will be significant and have a positive effect on economic growth. This study will show that quality of institution does in fact support economic growth.