resource measure, using alternative measures of both resources and institutions, and by studying different time periods. While … institutions are good enough. …

This paper studies whether institutions matter for economic performance. For this aim, we first construct a simple … framework illustrating how to examine the interaction between institutions and economic performance from a different point of … interaction between institutions and economic performance in Turkey. Co-integration analysis finds a long-run relationship between …

estimate the country-specific cost of capital. We find a negative relationship between institutions that protect property … rights and capital costs. Firms located in countries with weak institutions were charged a premium compared to similarly … risky firms located in countries with strong institutions, and this penalty appeared to be costly in terms of future growth …

of economic institutions, we use newer data, we incorporate more countries, and we use instrumental variables to handle …

eliminated by trade. We provide an evolutionary model of endogenous preferences and institutions under autarchy, trade and factor …

institutions, and tests whether such labor rigidities are conducive to long-run growth. We find that non-enforceable labor …

operation of formal and informal institutions. It also serves a less obvious function, a reassuring quality more closely related …

colonization affect income today once colonization's impact on the composition of the population and the quality of institutions is …