open economy' as determined by its size and geography would devote more resources to building good institutions and would …

economic performance. But if the quality of leadership matters, then understanding what motivates individuals to become … better quality politicians and improve political performance using exogenous variation in the salaries of local legislators … also affect politicians' performance, which is consistent with a behavioral response to a higher value of holding office …

governance, but weak democratic institutions, as compared to other nonindustrial countries. We also present a model with which we …

The focus of policy reform in developing countries has moved from getting prices right to getting institutions right …, and accordingly countries are increasingly being advised to move towards "best-practice" institutions. This paper argues … that appropriate institutions for developing countries are instead "second-best" institutions -- those that take into …

to building and maintaining the institutions of electoral democracy …