| Description |
1 online resource (58 pages) : illustrations |
| Series |
IMF working paper ; WP/12/87 |
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IMF working paper ; WP/12/87.
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| Contents |
Cover; Contents; I. Introduction; II. Overview of Related Literature; A. The Essence of North-Wallis-Weingast; B. Empirical Work; III. A Composite Doorsteps Indicator; A. Aggregation of the Index; B. Country Doorsteps Scores; Figures; Figure 1. Overall Doorsteps Indicator; Figure 2. D1; Figure 3. D2; Figure 4. D3; Figure 5. D-Overall for High Income Countries; Figure 6. D-Overall for Middle Income Countries; C. Correlations within and between the Doorsteps; Figure 7. D-Overall for Low Income Countries; IV. Doorsteps and Performance -- A Graphical Analysis; A. Political Symptoms; Democracy |
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Equal AccessCorruption; Figure 9. Doorsteps and Democracy-Bivariate Kernel Density; Figure 12. Doorsteps and Corruption-Bivariate Kernel Density; B. Economic Symptoms; Size of Government; Figure 13. Corruption versus Democracy; Social Welfare; Income Inequality; Figure 15. Doorsteps and Government Expenditure-Bivariate Kernel Density; Macroeconomic Stability; Figure 19. Doorsteps and Income Inequality-Bivariate Kernel Density; Bank credit to the private sector; Three-way correlations; Figure 23. Government Expenditure versus Territorial Coverage of Public Services |
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V. Doorsteps, Economy and Polity-Econometric AnalysisA. Methodology; Figure 24. GDP per Capita versus Income Inequality; Figure 25. Democracy versus Income Inequality; B. Doorsteps, Democracy and GDP per capita; Tables; Table 1. IH Estimation of Interaction between Doorsteps, Democracy, and GDPpc with Colony Split; C. Doorsteps, Democracy, GDP per capita and Income Inequality; Table 2. IH Estimates of Interactions between Doorsteps, Democracy, GDPpc, and Income Inequality with Colony split; D. Robustness Checks |
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Table 3. Differences in Variance across Sub-samples (s1, 36 countries and s2, 57 countries)VI. Conclusions; Table 4. IH Estimation of Interaction between Doorsteps, Democracy, and GDPpc with GEO split; Table 5. IH Estimates of Interactions between Doorsteps, Democracy, GDPpc, and Income Inequality with GEO split; References; Figure 8. Doorsteps and Democracy; Figure 10. Doorsteps and Equal Access; Figure 11. Doorsteps and Corruption; Figure 14. Doorsteps and Government Expenditure; Figure 16. Doorsteps and Education Expenditure; Figure 17. Doorsteps and Territorial Coverage of Public Services |
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Figure 18. Doorsteps and Income InequalityFigure 20. Doorsteps and Inflation; Figure 21. Doorsteps and GDP per Capita; Figure 22. Doorsteps and Private Sector Credit; Appendix Tables; Table A-1. Description of Databases; Table A-2. Components of the First Doorstep; Table A-3. Components of the Second Doorstep; Table A-4. Components of the Third Doorstep; Table A-5. Country Doorsteps Scores; Table A-6. Spearman Rank Correlations; Table A-7. Spearman Rank Correlations: D_Overall, D1, D2, and D3; Table A-8. Spearman Rank Correlations: D_Overall and all Categories |
| Summary |
This paper tests the theoretical framework developed by North, Wallis and Weingast (2009) on the transition from closed to open access societies. They posit that societies need to go through three doorsteps: (i) the establishment of rule of law among elites; (ii) the adoption of perpetually existing organizations; and (iii) the political control of the military. We identify indicators reflecting these doorsteps and graphically test the correlation between them and a set of political and economic variables. Finally, through Identification through Heteroskedasticity we test these relationships econometrically. The paper broadly confirms the logic behind the doorsteps as necessary steps in the transition to open access societies. The doorsteps influence economic and political processes, as well as each other, with varying intensity. We also identify income inequality as a potentially important force leading to social change |
| Notes |
At head of title: IMF Institute |
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Title from PDF title page (IMF Web site, viewed March 26, 2012) |
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"March 2012." |
| Bibliography |
Includes bibliographical references |
| Subject |
Social change -- Econometric models
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Social institutions -- Econometric models
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| Form |
Electronic book
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| Author |
Quintyn, Marc, author.
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IMF Institute, issuing body.
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| ISBN |
9781475575255 |
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1475575254 |
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9781475502510 |
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1475502516 |
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1475570007 |
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9781475570007 |
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