Acemoglu, Daron; Gallego, Francisco; Robinson, James A. - Instituto de Economía, Facultad de Ciencia Económicas … - 2014
In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical … institutions on long-run development is robust, while the estimates of the effect of human capital are much diminished and become … subsequent institutional development of these polities. …