Factors of production, productivity, institutions, and development: Evidence from Brazil

Luciano Nakabashi*, Ana Elisa Pereira*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Scopus citations


The economic growth and development literature emphasizes that investment in technology and physical and human capital is essential for achieving higher levels of development. Political and economic institutions are also relevant in this process. With a sample of 5,503 Brazilian municipalities, this study carries out a development accounting exercise and measures the effects of institutional quality on per capita gross domestic product (GDP), physical capital intensity, human capital stock, and productivity. The empirical results indicate that institutional quality affects GDP per capita mainly through human capital accumulation and total factor productivity.

Original languageEnglish
Pages (from-to)1034-1055
Number of pages22
JournalReview of Development Economics
Issue number2
StatePublished - May 2023

Bibliographical note

Publisher Copyright:
© 2023 John Wiley & Sons Ltd.


  • Brazilian municipalities
  • development accounting
  • income level
  • institutions


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