We investigate the role of deeply-rooted pre-colonial ethnic institutions in shaping comparative regional development … ethnic homelands with different legacies of pre-colonial political institutions. …

despite high early numerical human capital formation, had substantially higher growth rates during the late 20th and early 21 …

of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main … consistently correlated with growth while the effects of taxation are difficult to isolate empirically. …

This paper analyses how political institutions, wealth distribution and economic activities affect each other during …

countries. The empirical evidence from cross-country growth regressions points to important transitional growth effects related … to trade policy reforms. The paper employs a simple growth model to examine these effects, formally developing the …

growth. At early stages of development, the presence of indivisible projects limits the degree of risk … inability to diversify idiosyncratic risks introduces high uncertainty in the growth process. The typical development pattern … financial deepening and lastly, steady growth. ‘Lucky’ countries will spend relatively less time in the primitive accumulation …