Revisiting the role of governance and institutions on agricultural production

Abstract

AbstractThis paper revisits the 2008 paper in Food Policy, “Governance and agricultural productivity: A cross‐national analysis.” We estimate a country‐level production function to assess the relationship between institutional indicators and agricultural production. We extend the analysis to a 22‐year panel and use different functional forms. We test whether the governance and agricultural production effect varies across high and low‐income countries. To check whether the choice of institutional measure drives the findings, we use two alternative indices. Our findings confirm the role of governance and institutions with quantitative differences in the estimates. We further discuss these and other heterogeneity in the paper.