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Unformatted text preview: current performance ind 2SLS estimates which are larger than OLS estimates- IV procedure depends on assumption that settler mortality in the past has no direct effect on economic performance- Authors Fnd result is robust to including variables for colonial ori-gin, legal origin, religion, disease, geography institutions matter! drawbacks (i) institutions treated like black box results have limited direct policy relevance (ii) not clear why conditions which caused high historical settler mortality might (e.g. mangrove swamps full of mosquitoes) might not still exert an effect on growth Development Economics, LSE Summer School 2007 71...
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- Spring '10