This article measures Nueva Granada's GDP before its Independence, analyzes its economic growth during 1785-1810 and considers some hypothesis about its continuity in the 19th century, with an ending reference point in 1905. These measures are used to make international comparisons with other...

The article presents a new research agenda which links the composition of the British colonial administrations in the mid-20th century with the economic development of former colonies. It presents the first findings taken from the biographical records of over 14,000 senior colonial officers...

This article uses the different mortality rates of European colonialists to estimate the effect of institutions on economic performance. Europeans adopted very different colonization policies in different colonies. In places where mortality rates were high they did not settle, but set up...

Tax policy is among the most common and relevant instruments in the toolkit of policy-makers when thinking about promoting growth, yet there is not compelling evidence regarding its effect in Latin American countries. Using a variety of approaches, we estimate the effects on growth of the most...

Institutions and their quality are central concepts in the recent development and institutional economics literatures. Our hypothesis is that inadequate contract enforcement has hindered investment and, in consequence, indirectly has had a negative effect on Uruguay's long-term growth...

I examine the contribution of institutional breakdowns to long-run development, drawing on Argentina’s unique departure from a rich country on the eve of World War I to an underdeveloped one today. The empirical strategy is based on building a counterfactual scenario to examine the path of...

Living in a democratic society has been internationally recognized as a basic human right. While most of the literature tries to identify the effect of democracy on economic prosperity, little work has been done to understand the determinants of economic growth under democracy. This paper...

The future looked bright for Argentina in the early twentieth century. It had already achieved high levels of income per capita and was moving away from authoritarian government towards a more open democracy. Unfortunately, Argentina never finished the transition. The turning point occurred in...

Our research examines the relationship between economic regulatory quality and GDP per capita. We use panel data from 18 South American and Caribbean countries, between 2000 and 2015 using GMM panel estimation. The results reveal a non-linear U-shaped relationship between economic regulatory...