Agriculture is the largest and the most important industries in many developing countries. A typical pattern observed in these countries is high inequalities of land ownership, that is, a small number of people own large portion of arable lands and large number of farmers have a small piece of...

This paper studies whether institutions matter for economic performance. For this aim, we first construct a simple framework illustrating how to examine the interaction between institutions and economic performance from a different point of view. Then, using this framework, we introduce an...