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Unformatted text preview: ive consent to their
execution ‘ revolution might come into the country’
.” James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and28, 2009 Analysis
7 / 12 The Coevolution of Income and Democracy In Britain a virtuous circle of institutional reform and increasing
income developed, in other places as I’ discuss next week, vicious
circles emerged with bad institutions leading to low incomes and
further reinforcing bad institutions.
One way of thinking about these ‘
circles’is in our paper “Income and
To note that incomes and political institutions are strongly correlated
across countries look at Figure 3 which shows the cross-sectional
relationship between income per-capita and a measure of democracy.
Political scientists like to think of this as showing ‘
countries become richer this process of economic growth leads to
institutional change and democracy. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Compar...
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This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.
- Fall '09