We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on … different associated institutions. The choice of colonization strategy was, at least in part, determined by whether Europeans … likely to set up worse (extractive) institutions. These early institutions persisted to the present. We document evidence …

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 …

's path of development. Finally, we explore the effects of inequality on the evolution of institutions conducive to …

for empirical examination of these issues because her legal and market institutions are generally weak, but nonetheless … exhibit substantial province-level variation. Vertical integration is more common where legal institutions are weaker and …

Adaptable property-rights institutions, we argue, foster economic development. The British example illustrates this …

growth of real incomes, most likely reflecting the importance of factors such as education and the quality of institutions …

the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … is confirms the result of the few earlier studies that have found that legal institutions are very important. Other …

-quarter of the countries, those with better (but not the best) institutions exhibiting a statistically significant and …