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Long-term growth in developing countries has been explained in four frameworks: ‘extractive colonial institutions … the disease environment on African long-term growth runs through a human capital channel rather than an extractive-institutions …, contra Acemoglu et al., (2001). Further, we find that instrumented human capital explains long-term growth better, and shows …
Persistent link: https://www.econbiz.de/10005790198
Economics is not only a means of interpreting the past, but it must become an instrument for shaping the future, too. It should show inevitable future economic processes, with their links to culture, technology, and environment. With theoretical knowledge of this area, strategies of...
Persistent link: https://www.econbiz.de/10011094515
causes democracy. Existing studies establish a strong cross-country correlation between income and democracy, but do not … country fixed effects removes the statistical association between income per capita and various measures of democracy. We also … on democracy. Furthermore, we reconcile the positive cross-country correlation between income and democracy with the …
Persistent link: https://www.econbiz.de/10005666490
democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical … framework provides evidence for significant but heterogeneous effects of income on democracy for former colonies and non …
Persistent link: https://www.econbiz.de/10010739947
democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical … framework provides evidence for significant but heterogeneous effects of income on democracy for former colonies and non …
Persistent link: https://www.econbiz.de/10011083424
capita income causes the creation and the consolidation of democracy. We argue that existing studies find support for this … affect both the level of income per capita and the likelihood of democracy in a country, and failing to control for these … factors may introduce a spurious relationship between income and democracy. We show that controlling for these historical …
Persistent link: https://www.econbiz.de/10005661513
Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam’s conjecture that today marked differences in social capital between the North and South of Italy were due to the culture of independence fostered by the free city-states...
Persistent link: https://www.econbiz.de/10005789085
Recent research shows that the majority of cross-national variation in institutions is related to history. The within … variation however is somewhat less explored. We find that the within variation in economic institutions can be explained by …
Persistent link: https://www.econbiz.de/10005057552
Rural areas often have more than one regime of property rights and production. Large, private-property farms owned by powerful landowners coexist with subsistence peasants who farm small plots with limited property rights. At the same time, there is broad consensus that individual,...
Persistent link: https://www.econbiz.de/10010679306
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/10010774117