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Institutions, Human Capital and Development
Acemoglu, Daron; Gallego, Francisco A.; Robinson, James A. - 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
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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
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Equilibrium Fictions : a Cognitive Approach to Societal Rigidity
Hoff, Karla - 2010
framework, technology, contacts with the outside world, and changes in power and wealth matter not just directly but because …
Persistent link: https://www.econbiz.de/10013147216
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Culture and the Historical Process
Nunn, Nathan - 2012
This article discusses the importance of accounting for cultural values and beliefs when studying the process of historical economic development. A notion of culture as heuristics or rules-of-thumb that aid in decision making is described. Because cultural traits evolve based upon relative...
Persistent link: https://www.econbiz.de/10013110238
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The Colonial Origins of Comparative Development : An Investigation of the Settler Mortality Data
Albouy, David - 2010
In a seminal contribution, Acemoglu, Johnson, and Robinson (2001) argue property-rights institutions powerfully affect national income, using estimated mortality rates of early European settlers to instrument capital expropriation risk. However 36 of the 64 countries in their sample are assigned...
Persistent link: https://www.econbiz.de/10012759109
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Development, Structure, and Transformation : Some Evidence on Comparative Economic Growth
McCord, Gordon C. - 2013
We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize … characteristics of economies. Per capita incomes differ around the world in no small part because of sharp differences across regions … middle income; the distribution of economic activity around the world today; the patterns of growth between 1960 and 2010 …
Persistent link: https://www.econbiz.de/10013074652
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The Economics and Politics of Women's Rights
Doepke, Matthias - 2011
Women's rights and economic development are highly correlated. Today, the discrepancy between the legal rights of women and men is much larger in developing compared to developed countries. Historically, even in countries that are now rich women had few rights before economic development took...
Persistent link: https://www.econbiz.de/10013117390
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Experience Matters : Human Capital and Development Accounting
Lagakos, David - 2014
We use international household-survey data to document that experience-wage profiles are flatter in poorer countries than in richer countries. We find a quantitatively similar pattern when we estimate returns to foreign experience by country of origin among U.S. immigrants. The most likely...
Persistent link: https://www.econbiz.de/10013064940
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The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth : Evidence from 6,700 Cyclones
Hsiang, Solomon - 2014
Does the environment have a causal effect on economic development? Using meteorological data, we reconstruct every country's exposure to the universe of tropical cyclones during 1950-2008. We exploit random within-country year-to-year variation in cyclone strikes to identify the causal effect of...
Persistent link: https://www.econbiz.de/10013049691
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Institutions Rule : The Primacy of Institutions Over Geography and Integration in Economic Development
Rodrik, Dani; Subramanian, Arvind; Trebbi, Francesco - 2021
world, using recently developed instruments for institutions and trade. Our results indicate that the quality of …
Persistent link: https://www.econbiz.de/10013224849