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Institutions and economic growth
Matúš, Samuel
This bachelor thesis studies the relationship between the quality of political and economic institutions and economic growth using panel data models of 169 countries over the period 1990-2021. The study provides the necessary evidence that institutions support economic growth. Economic institutions have greater significance in comparison with political institutions which can be caused by not creating a specific category for non-democratic, oil-oriented countries. An additional model was conducted on 90 countries with data from 2000 to 2021 to find determinants of institutional quality which are tax revenue, economic development, and cultural and geographical effects. These findings and pitfalls may benefit both researchers and policymakers seeking a better understanding of growth-enhancing institutions.

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