natural resources rents may reduce incentives to invest in fiscal capacity. However, political institutions that limit rulers … mainly through institutions that make the tax system accountable and transparent. Thus it is possible to develop both fiscal …

Differences in the quality of institutions may explain differences in per capita income. Yet, we know relatively little … on how institutions evolve. This paper contributes to such knowledge by testing for convergence in legal, bureaucratic … 1970s to 2010, we find that countries with initially poor institutions tended to slowly catch up, both when they shared the …

that strong rule of law institutions may ameliorate the possible adverse effects of political and economic crises on … heterogeneous effects depending on the type of crisis and how we measure it. We find that rule of law institutions can control …