group is dominant. We provide a test of a key aspect of our model using data from La Violencia, a political conflict in …

by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation … why. Compared to a single stage conflict, such structures can reduce the overall resources that are dissipated among the …

We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is … beliefs on the average propensity to trade of the other group. Since conflict disrupts trade, the onset of a conflict signals … after each conflict episode. Third, "accidental" conflicts that do not reflect economic fundamentals can lead to a permanent …

-faire ideology and blind faith in the invisible hand. With public-sector capital, this interplay of beliefs and institutions leads to …

This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa’s peculiar history …, which has been marked by its colonization experience. Next I discuss the potential growth impact of state fragility, a …

each induce growth accelerations, but countries liberalizing their economy before extending political rights do better than … regime change have an independent effect on growth, and taking expectations into account helps identify a stronger growth …

European economic growth in the quarter of a century that ended in 1973 outstripped growth in any period of comparable … length before or since. The elements of Europe's growth miracle -- wage moderation, high investment and rapid export growth … economy, on the external side international agreements and supranational institutions -- that solved problems of commitment …