regions rich in marine resources differ from societies with a purely agrarian legacy in terms of institutions, cultural values …

Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show … that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of … a transactions-based economy with contracts preceding the transactions, and show that any one of (1) institutions, (2 …

all. Our empirical evidence does, however, support not only the “primacy of institutions” view, but also the important …

We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure … institutions implemented by the British, on disparity in present day development using district level data from India. Using …

instruments: the literacy rate at the end of the XIXth century, and the political institutions in place over the past several … and with available measures of institutions in a cross-country setting. …

entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …