Good and bad institutions: is the debate over? Cross-country firm-level evidence from the textile industry
利用九个发展中国家的企业数据，研究发现通常被认为不利于经济增长的严格劳动法规可能提升生产效率，而有利于经济增长的良好商业环境却可能损害生产效率，表明制度好坏的宏观与微观影响存在显著差异。
Using firm-level data from nine developing countries, we demonstrate that certain institutions, like restrictive labour market regulations, that are considered bad for economic growth might be beneficial for production efficiency, whereas good business environment, which is considered beneficial for economic growth, might have an adverse impact on production efficiency. We argue that our results suggest that there might be significant difference in the macro- and micro-impacts of institutional quality, such that the classification of institutions into 'good' and 'bad might be premature. © The Author 2013. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.