文章基本信息

标题：Institutions or human capital: which is more important for economic performance? Evidence from Brazil
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作者：Thais W. Niquito ; Felipe Garcia Ribeiro ; Marcelo Savino Portugal 等
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2018
卷号：38
期号：2
页码：1-9
出版社：Economics Bulletin
摘要：We investigate the role of institutions and human capital on economic performance of Brazilian municipalities. We use instrumental variables with two-stage least squares estimators for capturing causal relationships. We found evidence that institutional quality has an important and robust effect on the income of municipalities. However, there is no robust evidence for the role of human capital. These results are similar to what Acemoglu, Galleano and Robinson (2014) documented in their research conducted with cross-country data. Human capital is likely to be a consequence of institutions.