institutions on development, the costs of fractionalization, and research on the policies of social inclusion around the world. …

This paper contributes to the debate on the relationship between human capital, institutions, and economic growth. The … paper first develops a micro-foundation model linking institutions to human capital. The advantage of our modeling strategy … improvements in the quality of institutions foster human capital accumulation, decrease income inequality and change the historical …

This paper estimates the effect of institutions on economic growth in Sub-Saharan Africa over the period 1995-2007. We … that countries with good institutions grew faster than countries with poor institutions. Using external instruments, 2SLS … regressions point to a causal impact. Our findings are consistent with the view that institutions are a root cause of economic …

robust. It holds in OLS, LAD and 2SLS settings; it holds for different measures of institutions and different measures of … institutions has played an important part in Africa’s recent growth acceleration. The continent has seen many false dawns, caused … in large part by ups in commodity prices, but a growth acceleration driven by institutions is likely to signify a genuine …

role of institutions and macroeconomic policies in determining this sequence. We analyze the joint effect of policies and … institutions on the frequency of the four growth regimes: stable growth, stagnation, crisis and miracle-like fast growth. The … results confirm the importance of institutions for growth but also show that macro-policies; inflation, trade openness, size …