contribute to Chinese urbanization. Finally, we show that better institutions in Concessions facilitated the emergence of modern …

This paper studies the persistent impact of good institutions on economic development in China. By exploiting a British … customs institutions are also better developed today. Moreover, I show that the institutional switch was exogenous to the pre …-colonial development, and I provide different estimation models to reveal a robust and causal relationship between good institutions and …

This paper studies the persistent impact of good institutions on economic development in China. By exploiting a British … customs institutions are also better developed today. Moreover, I show that the institutional switch was exogenous to the pre …-colonial development, and I provide different estimation models to reveal a robust and causal relationship between good institutions and …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to … different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected …

set of formal and informal market-regulating and market-stabilising institutions. The following positive institutional …

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the …

efficiency. We would argue that China is likely to continue to expand the hardware, given its strong institutions devoted to …

institutional investment is greater among investors from countries with weak institutions that have also adopted IFRS. Taken … information users' home country institutions and IFRS adoption experience affect the effectiveness of IFRS adoption. …

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the …