Robinson harvard the emergence of modern economic

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Unformatted text preview: ty: yit = µt + di + φ X James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis October 5, 2009 3 / 25 U. K. industrialization p independence U. K. industrialization p latitude R2 Number of observa tions Independence U. K. industrialization p instituti ons Institutions OF TAB LE IX U. K. INDUSTRIALIZATION AND INSTI TUTI ONS 0 .75 59 0 .132 (0 .026) 8 .97 (2 .30) 0.74 75 0.132 (0.027 ) 23.36 (4.46) 0.75 59 0.14 5 (0.03 5) 10.51 (3.50 ) 214.3 (22.9) 20.12 (0.21 ) 0.84 32 0.160 (0.048) 7.48 (9.51) 0. 89 59 0. 202 (0. 019) 0 .89 59 26 .4 (11 .4) 20 .042 (0 .12) 0 .206 (0 .022) 0.88 59 0.168 (0.030 ) Panel A: Dependent variable is industrial production per capita 0.8 8 59 1.1 (12.6 ) 0.0 46 (0.1 3) 0.1 69 (0.0 32) 0 .13 (0 .50) 0 .87 59 0 .156 (0 .065) 2.0 (14.2) 0.06 (0.17 ) 0.12 (0.48 ) 0.87 59 0.15 8 (0.06 5) Former Former Former Former colonies, colonies, colonies, with colonies, with Former Former with a verage a verage with average average colonies, colonies, institutions institutions institutions institutions Former with with for each for each for each for ea ch colonies, average average country, country, country, country, Former Former Former using only institutions institutions instrumenting instrumenting instrumenting instrumenting colonies, colonies, colonies, da ta for each for each using settler using settler using settler using settler using using data using pre-1950 country, country, mortality, mortality, morta lity, mortality, only through only and for using only using only only only only only pre-1 950 1 980 pre-1950 independent pre-1 950 pre-1 590 pre-1950 pre-195 0 pre-1 950 pre-1950 da ta (a ll data) da ta countries data data da ta data data data (1) (2) (3) (4) (5) (6) (7) (8 ) (9) (10) THE INTERACTION 1276 QUARTERLY JOURNAL OF ECONOMICS Comparative Institutional Development But European colonialism is far from being the only important source of variation in institutions. The next few lectures look at the development of economic and political institutions in various parts of the world and examine why they had followed a di¤erent path from Britain by 17...
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This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.

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