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Institutional variables, capital flows and GDP: a causality analysis
Titolo Rivista: STUDI ECONOMICI  
Autori/Curatori: Giuseppe Mastromatteo, Giovanni Verga 
Anno di pubblicazione:  2007 Fascicolo: 91  Lingua: Italiano 
Numero pagine:  30 P. 25-54 Dimensione file:  497 KB

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

Giuseppe Mastromatteo, Giovanni Verga, in "STUDI ECONOMICI " 91/2007, pp. 25-54, DOI:


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