positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more … voters become part of the corrupt system. Well-functioning financial institutions, in turn, can increase the political …

levels of human development and political rights. …

We provide evidence on how two important types of institutions – dismissal barriers, and bonus pay - affect contract … market outcomes are the result of a complex interplay between contract enforcement policies and the institutions in which …

possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

We claim that a sequential mechanism linking history to development exists: first, history defines the quality of … indicate a significant impact of historically-driven corruption on development. …

There is a well-known debate about the roles of geography versus institutions in explaining the long-term development … mechanisms from geography via institutions to economic development outcomes. In particular, we examine the determinants of … highlight and empirically validate a new transmission channel from endogenously generated institutions on economic development. …

necessarily mean that giving money to women is a good development policy. We show that depending on the nature of the production …

’ persistent characteristics, such as their institutions. Among our findings are that macroeconomic policies affect development …In this paper, we study development in a panel of 87 countries from 1970 to 2005. We focus on characterizing … institutionally driven heterogeneities in the development effects of macroeconomic policies and on comparing the development process …