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-colonial autocratic institutions within ethnic groups and the emergence of autocratic institutions across countries. Diversity has … amplified the importance of institutions in mitigating the adverse effects of non-cohesiveness on productivity, while … contributing to the scope for domination, leading to the formation of institutions of the autocratic type. …
Persistent link: https://www.econbiz.de/10011645955
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and …
Persistent link: https://www.econbiz.de/10010357676
This paper employs a variety of economic and financial indicators to examine the relationship between Roman Catholicism and Irish development in the Post-Famine period. County-level decennial data are used for all census years from 1871 to 1911, and Catholicism is instrumented using the distance...
Persistent link: https://www.econbiz.de/10011456817
institutions have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by …
Persistent link: https://www.econbiz.de/10012205933
The so-called 'deep determinants' of economic growth and development (namely, geography, institutions, and integration …
Persistent link: https://www.econbiz.de/10012205937
natural resource abundance and weak institutions. We advance the hypothesis that the mafia emerged after the collapse of the …
Persistent link: https://www.econbiz.de/10011734156
religion between groups. The resulting distance-adjusted ethno-linguistic fractionalization index (DELF) is based on highly …
Persistent link: https://www.econbiz.de/10011421911
(Islamic) law. These theories take as exogenous the cultural values that complement the prevailing institutions. As a result … institutional environment. In this paper, we address these issues by modeling the joint evolution of institutions and culture. In …
Persistent link: https://www.econbiz.de/10012433961
In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical … models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable … focus on historically-determined differences in human capital and control for the effect of institutions, the impact of …
Persistent link: https://www.econbiz.de/10013059292