Acemoglu, Daron; Gallego, Francisco; Robinson, James A. - Instituto de Economía, Facultad de Ciencia Económicas … - 2014
In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical … models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable … focus on historically-determined differences in human capital and control for the effect of institutions, the impact of …