The contention that “inclusive” institutions are the deep determinants of economic growth remains unsatisfactory. This paper develops an alternative theoretical and empirical case that economic structures are the fundamental cause of economic performance. Economic structures determine the...

This paper analyzes the effects of land market restrictions on structural change from agriculture to non-farm in a rural economy. This paper develops a theoretical model that focuses on higher migration costs due to restrictions on alienability, and identifies the possibility of a reverse...

This paper analyzes the effects of land market restrictions on structural change from agriculture to non-agriculture in a rural economy. We develop a theoretical model that focuses on higher migration costs due to restrictions on alienability, and identifies the possibility of a reverse...