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Economists have documented pervasive correlations between legal origins, modern regulation, and economic outcomes around the world. Where legal origin is exogenous, however, it is almost perfectly correlated with another set of potentially relevant background variables: the colonial policies of...
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This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function … Revolution of 1688 did not mark the sudden emergence of either secure property rights or economic growth. Economic history has …
Persistent link: https://www.econbiz.de/10010371915
This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function … Revolution of 1688 did not mark the sudden emergence of either secure property rights or economic growth. Economic history has …
Persistent link: https://www.econbiz.de/10010371916
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