developed countries. The estimated results from a fixed effects panel data model, indicate the existence of substantial …

In this paper we revisit the debate over the relative contribution of different types of institutions in economic … growth. We find that the existing study (Acemoglu and Johnson 2005) linking property rights institutions and contracting … institutions to long-run growth suffers from identification problems. It appears that the historical instruments used to predict …

results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment …

This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …

The contention that “inclusive” institutions are the deep determinants of economic growth remains unsatisfactory. This … the feedback loops among institutions, political power and economic structures, thus, markets on their own will not ensure …

This chapter surveys the historical evidence on the role of institutions in economic growth and points out weaknesses … in a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not … institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and the family. Greater precision concerning …

both political-economic institutions as well as the primarily political institution of democratic development. Using both … cross-sectional and panel datasets, we show that, properly instrumented, there is no evidence that democracies grow faster … weakly positive relationship. Political economic institutions, however, remain positive and significant determinants of …

in a political system have on economic growth. Using analysis of panel data from more than countries over the period 1970 … distinguishing between institutional veto players (political institutions) and partisan veto players (fractionalization among …