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Fall 2009

ISSN 0890-913X

Volume 25, Number 1

Categories: Economics | Fall 2009

Social Cohesion and Its Relationship to Endogenous Institutional Formation and Economic Growth

Lauren Heller, University of North Carolina, Chapel Hill

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TheJournalofPrivateEnterprise25(1),2009,81-104SocialCohesionandItsRelationshiptoEndogenousInstitutionalFormationandEconomicGrowthLaurenHeller*UniversityofNorthCarolina,ChapelHillAbstractInstitutionalqualityisaknownpredictorofacountry'sabilitytoattainincreasedlivingstandards.Unfortunately,alackofinstitutionalmaturityremainsamongmanycountriesinthedevelopingworld.Onepossibilityforthisshortfallisthatpolicymakerswithinthesecountriesfaceseriousbarrierstoimplementingnecessaryreforms.Thispaperarguesthatthesocialdynamicsexistingwithinacountryareatleastapartialdeterminantofinstitutionaldevelopment.Usingapaneldatasetof111countriesover8years,thepaperestimatesamodelinwhichmeasuresofsocialcohesionareshowntosignificantlyaffectinstitutionaldevelopment,subsequentlyimpactinggrowth.JELCodes:O43,O17Keywords:Institutions;Growth;Development;SocialcohesionI.IntroductionDespiteanincreasingglobalawarenessofworldwidepoverty,livingstandardsforthemajorityofdevelopingcountrypopulationscontinuetofallpersistentlybelowthoseofrichernations.Thisbegsthequestionofwhymanycountriesareunabletoutilizeexistingresourcestoreduceendemicpoverty.Theimportanceofinstitutionalqualityisonewell-knownpredictorofacountry'sabilitytoincreasepercapitagrowthandelevatelivingstandards.Giventhattheimportanceofsoundgovernanceisarecognizedfact,whyhaveso*IwouldespeciallyliketothankRobertLawsonofAuburnUniversity,WilliamDarityofDukeUniversity,AlfredFieldofUNCChapelHill,seminarparticipantsatthe2008meetingsoftheAssociationofPrivateEnterpriseEducationandthe2009meetingsoftheMidwestEconomicsAssociation,andtwoanonymousreviewersforincrediblyhelpfulfeedbackandcomments.Theirsuggestionshavebeeninvaluablethroughoutthewritingprocess.81

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Title	Social Cohesion and Its Relationship to Endogenous Institutional Formation and Economic Growth
Authors/Creators:	Lauren Heller, University of North Carolina, Chapel Hill
Year:	2009
Volume:	25
Number:	1
Pages:	81 - 104
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Institutions, Growth, Economic development, Social cohesion, Standard of Living, Economic Reform

Citation:
Heller, Lauren / 2009. "Social Cohesion and Its Relationship to Endogenous Institutional Formation and Economic Growth." The Journal of Private Enterprise, 25(1): 81-104.