Showing 1 - 10 of 2,352
We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on economic performance. Our argument is that Europeans adopted very different colonization policies in different colonies, with different associated institutions. The choice of...
Persistent link: https://www.econbiz.de/10013236802
A growing body of empirical work measuring different types of cultural traits has shown that culture matters for a variety of economic outcomes. This paper focuses on one specific aspect of the relevance of culture: its relationship to institutions. We review work with a theoretical, empirical,...
Persistent link: https://www.econbiz.de/10013071464
We study the organization of federations - or international unions - which decide together the provision of certain public goods. The benefit of centralization depends on the internalization of the spillovers, that of decentralization on the adaptability to local differences. We individuate as...
Persistent link: https://www.econbiz.de/10013246981
, developing innovative real-world outcomes measures, and using a pre-analysis plan to bind our hands against data mining. The …
Persistent link: https://www.econbiz.de/10013125582
This paper analyzes the roots of variation in de facto institutions, within a constant de jure institutional setting. We explore the role of rent-seeking episodes in colonial Brazil as determinants of the quality of current local institutions, and argue that this variation reveals a de facto...
Persistent link: https://www.econbiz.de/10012759751
The development of the American economy was accompanied by significant spatial income inequalities between the northern and southern regions. While many factors contributed to northern industrialization and southern stagnation, an important factor was differences in their institutions. In the...
Persistent link: https://www.econbiz.de/10012759804
In this essay, we provide a simple conceptual framework to elucidate the forces that lead to institutional persistence and change. Our framework is based on a dynamic game between different groups, who care both about current policies and institutions and future policies, which are themselves...
Persistent link: https://www.econbiz.de/10013403531
Major crises—from terrorist attacks to outbreaks of disease—bring the trade-off between individual civil liberties and national security or well-being into sharp relief. In this paper, we study to what extent individual preferences for protecting rights and civil liberties are elastic to...
Persistent link: https://www.econbiz.de/10013221953
-specific characteristics such as the level of political freedom are taken into account. Political freedom is shown to explain terrorism, but it … does so in a non-monotonic way: countries in some intermediate range of political freedom are shown to be more prone to … terrorism than countries with high levels of political freedom or countries with highly authoritarian regimes. This result …
Persistent link: https://www.econbiz.de/10013243972
freedom. Hayek (1960) distinguishes two ways in which the judiciary provides such checks and balances: judicial independence … greater freedom. Consistent with theory, judicial independence accounts for some of the positive effect of common law legal … origin on measures of economic freedom. The results point to significant benefits of the Anglo-American system of government …
Persistent link: https://www.econbiz.de/10012762813