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This paper assesses the role of ideas in economic change, combining economic and historical analysis with insights from psychology, sociology and anthropology. Belief systems shape the system of categories ("pre-confirmatory bias") and perceptions (confirmatory bias), and are themselves...
Persistent link: https://www.econbiz.de/10013147216
differences through the dynamics of saving and investment. We posit that the drivers of economic development include institutions …
Persistent link: https://www.econbiz.de/10013074652
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 … focus on historically-determined differences in human capital and control for the effect of institutions, the impact of …
Persistent link: https://www.econbiz.de/10013006662
We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on … different associated institutions. The choice of colonization strategy was, at least in part, determined by whether Europeans … likely to set up worse (extractive) institutions. These early institutions persisted to the present. We document evidence …
Persistent link: https://www.econbiz.de/10013236802
(CDD)--have shaped local institutions and national political dynamics. The story that emerges is a nuanced one: war does … results are mixed; and for all of its promise, CDD does not appear to transform local institutions nor social norms. All of …
Persistent link: https://www.econbiz.de/10013100981
Although institutions are believed to be key determinants of economic performance, there is limited evidence on how … variation in the presence of institutions; the difficulty of empirically measuring institutional performance; and the temptation … the complex and multi-faceted subject. We evaluate one attempt to make local institutions more egalitarian by imposing …
Persistent link: https://www.econbiz.de/10013125582
transportation improvements converged to create city growth. We assess the impact of institutions on growth by allowing two ways for … institutions to affect growth. Institutions can directly affect growth, or it can impact on trade, which in turn affects growth …. Once we separately quantify the link from institutions to trade, and trade to growth, the independent effect of …
Persistent link: https://www.econbiz.de/10013086487
infrastructure and human capital and quantify the role of various extractive institutions, such as indirect rule and oppression …
Persistent link: https://www.econbiz.de/10012907743
To explore the interplays between trade and institutions, we construct a staged development framework with multi …
Persistent link: https://www.econbiz.de/10012945604
We investigate the role of national institutions on subnational African development in a novel framework that accounts …, residing in homogeneous geographic areas, to different formal institutions. Using both a matching-type and a spatial regression …-effect of national institutions on ethnic development masks considerable heterogeneity partially driven by the diminishing role …
Persistent link: https://www.econbiz.de/10013224396