A growing body of theoretical and empirical work identifies the ability of a country's institutions to protect private … development. We add to this literature by analyzing the impact of institutions on financial development using data on the … the same formal institutional framework in the U.S., immigrants bring with them varied experiences with institutions in …

Despite the general belief among economists on the growth-enhancing role of international trade and significant trade … opening over the past 25 years, the growth performance of many developing economies, especially of those in Latin America and … Africa, has been disappointing. While this poor growth performance has many potential causes, in this paper I argue that part …

marriage and birthing, the model can be calibrated using aggregate data. Fifth, the model permits an analysis of institutions …