Instead of cross-sectional studies asking whether countries with better institutions are wealthier, economists should use time-series studies asking what happens to a particular country's outcomes when it changes its own policies or institutions, which is more relevant to governments.

normativepending

Speaker

Peter Henry

Evidence Quote

ask the question not is it the case that countries with better institutions are wealthy... but when a particular country changes its policies or institutions what is the impact of that change

Source

Peter Henry on Growth, Development, and Policy 07/27/2009EconTalk
Created: 6/17/2026, 10:31:29 AM

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