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This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...
Persistent link: https://www.econbiz.de/10011450834
, institutions, and competition surrounding the medieval Church. To understand the relationship between the secular and ecclesiastic …
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This paper integrates a simple theory of identity choice into a framework of endogenous economic growth to explain how secularization can be both cause and consequence of economic development. A secular identity allows an individual to derive more pleasure from consumption than religious...
Persistent link: https://www.econbiz.de/10010492354
development of social norms, and suggests that religion and family organization are potential mediators. It turns out that many …. Given that successful economic development presupposes the congruence between formal institutions and social norms, this …
Persistent link: https://www.econbiz.de/10013167285
endowments significantly influenced serfdom. Institutions, we conclude, are shaped partly by economic fundamentals. …
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(proxied by individual values) interacts with the stickiest formal institutions in development, which leads to a very special …-togetherness" of values and institutions. Besides establishing that both values and sticky formal institutions are strong determinants … of long-run income, I find that the "stuck-togetherness" of values and institutions acts as a separate factor in …
Persistent link: https://www.econbiz.de/10012259724
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