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In the 1990s and early 2000s, Belize grew faster than its regional peers. By the mid-2000s, however, economic growth had slowed down to the regional average. A vicious circle of low growth and increasing public debt has been clouding Belize's outlook. This paper applies a growth diagnostic...
Persistent link: https://www.econbiz.de/10012889168
problem for countries in an early stage of economic development, is that often the borrowings have not been productively …
Persistent link: https://www.econbiz.de/10014061673
Are there contemporary development effects of African resistance to European domination? This question is the primary … development and discuss possible channels of such causality. This relationship is robust to alternative model and to controlling …
Persistent link: https://www.econbiz.de/10011496363
income. I find that institutions are the main determinant of development, but that endowments have a sizeable direct impact …, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a … control group, I develop an empirical strategy that disentangles the partial effects of institutions and of endowments on …
Persistent link: https://www.econbiz.de/10003882308
institutions implemented by the British, on disparity in present day development using district level data from India. Using …We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure … year while indirectly ruled districts were converging at a rate of 5.7% per year. Much of the development gap between areas …
Persistent link: https://www.econbiz.de/10012508730
conditions for sustained economic growth and development by deepening democracy, enhancing the stability of political regimes and …
Persistent link: https://www.econbiz.de/10011794986
We explore the potential effects of the first leaders of Sub-Saharan Africa. We first outline a set of theoretical reasons for why leaders may matter particularly at the critical juncture of African independence and why this influence may be persistent. In an unbalanced panel from 40 African...
Persistent link: https://www.econbiz.de/10011346680
convergence in real per capita GDP and inequality adjusted human development in 38 African countries, disaggregated into 10 … is that the income component of the human development index moves slower than others in the convergence process and thus …In examining some big questions on African development, we provide evidence that dynamics of some development …
Persistent link: https://www.econbiz.de/10011410273
While the importance of institutions for explaining cross-country income differences is widely recognized …, comparatively little is known about the origins of economic institutions. One strand of the literature emphasizes cultural … is presented in support of this selection process. The results suggest that any theory of colonial development that does …
Persistent link: https://www.econbiz.de/10014215991
Do historical institutions have a persistent impact on economic performance? We analyze the colonial institutions set … up by the British to collect land revenue in India, and show that differences in historical property rights institutions … are not driven by omitted variables or endogeneity of the historical institutions, and argue that they probably arise …
Persistent link: https://www.econbiz.de/10014112487