Unformatted text preview: ciency • Acemoglu Johnson Robinson (2001) – countries with less risk of ex-propriation experience higher growth rates • Lin (1992), for example, shows that the move from collective to house-hold farming in China starting in 1978 led to large productivity in-creases in agriculture. 4. Regulation • Postwar model of economic development was built on a raft of regu-lation – benevolent governments intent on correcting market failures – central planning was in fashion • Djankov et al. (2002) collect data on the time and number of proce-dures an entrepreneur must complete to start a business in 85 coun-tries – Fnd that heavy regulation of entry is associated with less Development Economics, LSE Summer School 2007 18...
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This note was uploaded on 12/29/2011 for the course ECO 307 taught by Professor Dublin during the Spring '10 term at SUNY Stony Brook.
- Spring '10