Drometer, Marcus; Rincke, Johannes - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2008
Recent contributions to the political economics literature (Trebbi et al. 2007; Aghion et al. 2004) have challenged the view that political institutions are exogenous to the behavior of agents in the political arena. We explicitly address the potential endogeneity of institu- tions by examining the...