Do historical institutions have a persistent impact on economic performance? We analyze the colonial institutions set up by the British to collect land revenue in India, and show that differences in historical property rights institutions lead to sustained differences in economic outcomes. Areas...

Differences in farm structures between Russia and western market economies can hardly be made consistent with the neoclassical textbook idea of a technologically determined farm size operating in a perfect market environment. The main aim of the paper is to identify embedded institutions that...

In low and middle-income countries micro, small and medium enterprises (MSMEs) constitute a large part of the industrial fabric. By offering possibilities to gain income, training and work experience MSMEs are said to provide livelihoods to millions of people worldwide. However, across developed...