the central role of political and economic institutions, as well as the endogenous evolution of technology, in shaping the … distribution of resources in society. We use regression evidence to show that the main economic force emphasized in Piketty's book … (especially, the share of income accruing to the upper tail of the distribution). We then use the histories of inequality of South …

country's growth rate to itself in the years immediately before and after exposure, accounting for the distribution of …

In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical … models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable … focus on historically-determined differences in human capital and control for the effect of institutions, the impact of …

differences through the dynamics of saving and investment. We posit that the drivers of economic development include institutions … middle income; the distribution of economic activity around the world today; the patterns of growth between 1960 and 2010 …

literature that focuses on the enduring adverse effects of small European settlements creating extractive institutions. The most … plausible explanation of our findings is that any adverse effect of extractive institutions associated with minority European …

European legal and political institutions during the colonial period remains incomplete unless the values and beliefs brought … institutions that in turn were key for long-term economic development …