Postcrisis recovery in the regions of Europe: Does institutional quality matter?
研究了2010-2016年全球衰退后，欧洲地区制度质量（包括质量、公正性和腐败控制）如何影响经济复苏，发现地方治理水平与区域活力相关，且对高收入与低收入地区影响不同。
Abstract This paper investigates how institutional quality and its components (quality, impartiality, and control of corruption) are associated with the economic recovery in the aftermath of the global recession (2010–2016). The evidence suggests that the postcrisis dynamism of a region depends on whether its economy is accompanied by a good governance at the local level. The results also show the heterogeneity in the effects of institutional characteristics and other traditional determinants of growth for the high‐income club (core) and the low‐income club (periphery), respectively. This evidence can provide indications to define ad hoc policies apt to mitigate the recent surge in inequality among EU regions.