This research analyzes the effects of an informal exclusionary institution on local socio-economic outcomes. Specifically, focusing on the Afro-descendant population, it analyzes the effects of the informal institution of racial exclusion on local socio-economic outcomes in Colombia in the late...

In the past, economic integration in Europe was largely compatible with the persistence of different national varieties of capitalism. While product market integration intensified competition, member states could build on and foster their respective comparative advantage. To date, this no longer...