Investigating effects of Institutions on Economic Performance in Selected Developing and Developed Countries

In the last decades, institutions have played great role in the development and social environment and also design of appropriate economic policies that are necessary to create the necessary institutions or to reform inefficient institutions has attracted the attention of many economists. Also, this viewpoint It has also become widespread that improving economic performance, increasing production and employment, as the function of variables such as savings, investment, foreign exchange rates, etc., is also influenced by the values, beliefs, motives, institutions and power structure. . Institutions are the rules of a community or an organization and facilitate the coordination of members by helping to form the expectations of each individual. The suggestion is a reflection of alliances that arise in relation to the behavior of the individual or group in different societies. In a given society, together with the relationships and interaction between them and their correction and adaptation processes, a socio-economic system is created.the present research aims to assess institutions impacts on economic performance in selected developing and developed countries from 1999-2017 in D7 member states of the developing countries of the D8 include Iran, Turkey, Pakistan, Bangladesh, Indonesia, Malaysia, Egypt and Nigeria, and the developed countries of the G7, including Germany, France, Britain, Italy, Japan, and the United States. Canada. Based on the results of the model estimation, the statistically significant statistic of the total regression in both countries is significant statistically.

Keywords:

Economic Growth , Institutions , Education , Government expenditure , Panel data