This paper challenges cross-sectional findings that democratic institutions have a negligible direct effect on economic … institutions. We study democratization in a before-after event study approach that enables us to control for time-invariant country … representative institutions on economic activity. They also favour Friedrich Hayek (1960)’s idea that the merits of democracy appear …

This paper uses a large panel of financial flow data from banks to assess how institutions affect international lending …

-specific pre-colonial institutions in shaping comparative regional development in Africa. We utilize information on the spatial … different country-level institutions, offers a regression discontinuity framework. After identifying the partitioned ethnicities … we document a positive cross-sectional association between national institutions and regional economic development …

relatively stable democracy to autocracy and 6 episodes of small improvements in representative institutions. We also classify …, trade openness and proxies of early institutions. …

We investigate the role of national institutions on regional development in a novel framework. We exploit the fact that … institutions. Using both a matching-type and a regression discontinuity approach we show that differences in countrywide … correlation between formal national institutions and economic development has to be carefully interpreted. …

, where due to population mixing and the salience of national institutions ethnic traits play a lesser role. Overall, our …

This survey reviews the recent research on trust, institutions and economic development. It discusses the various … institutions and policies can affect trust and promote pro-social behaviors. …