market is isolated from the rest of East Africa and internally fragmented. …

There is a well-known debate about the roles of geography versus institutions in explaining the long-term development … institutions and found that this supported their line of reasoning. We believe there is value-added to consider this debate at the … mechanisms from geography via institutions to economic development outcomes. In particular, we examine the determinants of …

that private-order institutions have not historically substituted for public-order ones in enabling markets to function …This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

that private-order institutions have not historically substituted for public-order ones in enabling markets to function …This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more … voters become part of the corrupt system. Well-functioning financial institutions, in turn, can increase the political …

using market prices over-estimate welfare-based measures of genuine saving. …

eliminated by trade. We provide an evolutionary model of endogenous preferences and institutions under autarchy, trade and factor …