The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Development Association (IDA) has been based partly...

For over forty years, Douglass North has sought in his work to determine those conditions that favor economic growth. In his most recent writings he has emphasized the institutional innovations of the state and how these are often preceded, or accompanied, by transformations in beliefs and...

This paper examines the short and long-run average causal impact of catastrophic natural disasters on economic growth by combining information from comparative case studies. The counterfactual of the cases studied is assessed by constructing synthetic control groups, taking advantage of the fact...