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Institutions, Human Capital and Development

Acemoglu, Daron - 2016

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 bias problems and because of differential measurement...

Persistent link: https://www.econbiz.de/10013006662

Democracy Does Cause Growth

Acemoglu, Daron - 2014

We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country fixed effects and the rich dynamics of GDP, which otherwise...

Persistent link: https://www.econbiz.de/10013056591

The Rise and Decline of General Laws of Capitalism

Acemoglu, Daron - 2014

Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...

Persistent link: https://www.econbiz.de/10013039764

Reevaluating the Modernization Hypothesis

Acemoglu, Daron; Johnson, Simon; Robinson, James A.; … - 2021

explain diverging development paths within the former colonial world …

Persistent link: https://www.econbiz.de/10013224429

The Colonial Origins of Comparative Development : An Empirical Investigation

Acemoglu, Daron; Johnson, Simon; Robinson, James A. - 2021

We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on economic performance. Our argument is that Europeans adopted very different colonization policies in different colonies, with different associated institutions. The choice of...

Persistent link: https://www.econbiz.de/10013236802

Institutional Comparative Statics

Robinson, James A. - 2011

Why was the Black Death followed by the decline of serfdom in Western Europe but its' intensification in Eastern Europe? What explains why involvement in Atlantic trade in the Early Modern period was positively correlated with economic growth in Britain but negatively correlated in Spain? Why...

Persistent link: https://www.econbiz.de/10013124230

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron - 2012

-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries benefit and … potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful …

Persistent link: https://www.econbiz.de/10013099537