(Islamic) law. These theories take as exogenous the cultural values that complement the prevailing institutions. As a result … institutional environment. In this paper, we address these issues by modeling the joint evolution of institutions and culture. In …

creates continuous and dichotomous indices. We use the SVM indices to investigate the effect of democratic institutions on …

the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principalś choices they are … benefits from subsidizing investments in "green" capital (complementary to future savings) and tax investments in substitute …

satisfaction, but affects different types of citizens differently. Second, we focus on informal institutions and rules of the game …

contributions. One is to provide a deeper understanding of the relationship between political institutions and economic efficiency …

-aggregated level. Our idea builds on the well documented interdependence between institutions and exports, which allows estimating the … that neglect regional differences in the effectiveness of institutions. …

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 …