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The present paper assesses the interactions between innovation and economic institutions within the context of the …
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This paper provides an empirical test of the Engerman–Sokoloff hypothesis that factor endowments influenced the development of the rule of law, which in turn has perpetuated income inequality. Using a measure of the suitability of land for growing wheat relative to sugarcane as an instrument...
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Theoretical models of the Kuznets Curve have been purely analytical with little contribution towards an understanding of the timing of the process and the presence of additional mechanisms affecting its timing. This paper proposes an agent-based version of Acemoglu and Robinson's model of the...
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After a decade of research, the effect of inequality on long-run economic growth remains unresolved, in part because …
Persistent link: https://www.econbiz.de/10014215776