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There is a well-known debate about the roles of geography versus institutions in explaining the long-term development … mechanisms from geography via institutions to economic development outcomes. In particular, we examine the determinants of … Robinson (2001) was to address this last point by using settler mortality as an instrument for geography-induced endogenous …
Persistent link: https://www.econbiz.de/10005094269
, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a … the historical determinants of institutions with the sizeable direct impact of geographic endowments on development. …
Persistent link: https://www.econbiz.de/10010556461
institutions. This paper shows how such institutions can emerge as a decentralized equilibrium. In a first stage, individuals …
Persistent link: https://www.econbiz.de/10005406144
instruments: the literacy rate at the end of the XIXth century, and the political institutions in place over the past several … and with available measures of institutions in a cross-country setting. …
Persistent link: https://www.econbiz.de/10005406158
Centralized sanctioning institutions are of utmost importance for overcoming free-riding tendencies and enforcing … outcomes that maximize group welfare in social dilemma situations. However, little is known about how such institutions come … institutions in a public goods game. Our theoretical analysis shows that players may form sanctioning institutions in equilibrium …
Persistent link: https://www.econbiz.de/10005406364
phenomenon, which is present in poor as well as rich countries; that political institutions have a weak effect on ethnic …
Persistent link: https://www.econbiz.de/10011167133
This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world price shock can push the country into a situation...
Persistent link: https://www.econbiz.de/10011194242
institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of … interaction effect suggests they can be offset by appropriate institutions. …
Persistent link: https://www.econbiz.de/10010736742
This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …
Persistent link: https://www.econbiz.de/10010877698
Is human capital a robust predictor of good institutions? Using a new institutional quality measure, the International … capita, geography dummies, and years of total schooling. Some possible microfoundations of this relationship are discussed. …
Persistent link: https://www.econbiz.de/10010877712