Acemoglu, Daron; Johnson, Simon; Robinson, James A. - In: Revista de Economía Institucional 7 (2005) July-December, pp. 17-67
This article uses the different mortality rates of European colonialists to estimate the effect of institutions on … rates were high they did not settle, but set up extractive institutions that exist to the present day. By exploring the … able to estimate the long-term effect of colonial institutions on per capita income. …