Lecture 14

James a robinson harvard the emergence of modern

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ive consent to their execution ‘ revolution might come into the country’ lest .” James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and28, 2009 Analysis October Historical 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 ll 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 Democracy.” 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 ‘ modernization’- as 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...
View Full Document

This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.

Ask a homework question - tutors are online