Abstract:Starting from the Augmented Solow Model developed by Mankiw, Romer, & Weil (1992), the present paper considered new perspectives in which institutions are considered “fundamental determinants” to explain economic growth. Through the data panel methodology, and with information for the years 2000, 2005 and 2010 from 87 countries, we used the interactive variables mechanism to verify whether the relationship between human capital and GDP per capita is encouraged by the institutions. The results indicate a po… Show more
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