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country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the … receiving territories are characterized by cultural traits in conflict with those embedded in the imported institutions. We … French institutions in Protestant areas. Then, using hand-collected data on pre-Napoleonic reigns we show that kingdoms with …
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This study examines the critical interplay between institutional and cultural backgrounds and their collective impact on economic development, suggesting that their synchronized evolution-timing, pace, and direction-boosts economic development, while misalignment hinders it. It seeks to...
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