Spanish Abstract: Estudiamos el impacto de la descentralización en la capacidad fiscal local en Colombia. Específicamente, estimamos el efecto de mediano plazo del gran incremento en transferencias de origen nacional durante la década de los noventas sobre las fuentes principales del recaudo...

This article uses the different mortality rates of European colonialists to estimate the effect of institutions on economic performance. Europeans adopted very different colonization policies in different colonies. In places where mortality rates were high they did not settle, but set up...