Lecture 14

The theory here is very underdeveloped in the paper

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Unformatted text preview: institutions of society but at some deeper level than democracy - the distribution of resources and what we call de facto power, checks and balances, economic institutions. This is ongoing research.... For the case of the former colonies, it is natural to link variation in these underlying institutions to the conditions that seem to have in‡uenced property rights - historical settler mortality, historical population density etc. Some simple (but not really legitimate scatters....) suggest that the …xed e¤ects recovered from the basic panels regressions are correlated with these factors. Once you condition on this and look at long changes there is no evidence of modernization either. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis October 28, 2009 12 / 12 Figure 6 Democracy Fixed Effect and Log Settler Mortality .5 AUS NZL USA CAN CRI TTO VEN Democracy Fixed Effect 0 URY ARG ZAF MYS SGP IND PAK_1 GUY PAK COL SLV CHL BRA MEX LKA PER ECU GTM BOL HND PRY MAR JAM PNG DOM PAN NIC SEN GAB BGD EGY TUNDZA MDG IDN GNB HTI KEN GMB GHA BEN CAF BFA COG TZA CMR UGA MRT AGO TCD RWA BDI ZAR NGA MLI SLE CIV NER GIN TGO -.5 VNM 2 4 6 Log Settler Mortality 8 Figure 7 Democracy Fixed Effect and Log Population Density 1500 .5 CAN...
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This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.

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