While the direct impact of geographic endowments on prosperity is present in all countries, in former colonies, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a control group, I re-examine the theories put forward by La...

I discuss correlations between the historical growth of social capabilities and patterns of economic growth across world regions since the industrial revolution and especially in recent decades. Based on this analysis, I argue that the apparent relationship between institutions and economic...

We demonstrate that existing differences in financial development between countries can be explained by the cumulative variations in their levels of state experience since 1AD. This dimension of early historical development has not been considered so far in studies that analyze the determinants...