effects, when we control for the historical determinants of economic and political development in a sample of former European …

We estimate the respective contributions of institutions, geography, and trade in determining income levels around the … world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … institutions 'trumps' everything else. Once institutions are controlled for, measures of geography have at best weak direct effects …

This paper opens with a discussion of the types of institutions that allow markets to perform adequately. While we can … identify in broad terms what these are, there is no unique mapping between markets and the non-market institutions that … institutions. A range of evidence indicates that participatory democracies enable higher-quality growth. …

predictions about the patterns of policy imitation, corruption, and economic performance as a function of a country’s location vis …-à-vis successful leaders. In particular, it predicts a U-shaped pattern in economic performance as we move away from the leader in the …

the result of capitalist development driven by the interaction of late medieval institutions and the economic … enabled these groups to demand, obtain and sustain changes in institutions to protect their property rights. Furthermore, the … most significant institutional changes, and consequently the most substantial economic gains, occurred in nations where …

junctures can lead to divergent political-economic development paths, some leading to prosperity and democracy, others to …

Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam …

Drawing on the recent literature on economic institutions and the origins of economic development, we offer a political … institution building, we also show the importance of institutions in explaining the variation in economic development and growth …

replaced. Fearing replacement, political elites are unwilling to initiate change, and may even block economic development. We …

capital promoting institutions (e.g., public schooling) and thus the pace and the nature of the transition from an …