There is a significant positive correlation between measures of the degree to which property rights are secure in a country and GDP per capita. (a) Is this an evidence that economic institution has causal effect on economic performance? Explain why. What could be a research design that identify the causal effect of institutions on economic development?

There is a significant positive correlation between measures of the degree to which property rights are secure in a country and GDP per capita. (a) Is this an evidence that economic institution has causal effect on economic performance? Explain why. What could be a research design that identify the causal effect of institutions on economic development?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section1.6: Why Do Economists Disagree?

Problem 1.1YTE

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