Lecture 1

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Unformatted text preview: ich factor is more crucial. Continuing with the inter-relationship between education and institutions. A large recent literature has focused on how, during the colonial period, much worse institutions developed in Latin America than in North America. But we also know, don’ we, that the US was t founded by literate bible reading puritans, rather than rampaging conquistadors. Maybe the real action is human capital. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and2, 2009 September Historical Analysis 13 / 19 Modernization? Change in Freedom House Political Rights Index -1 -.5 0 .5 1 Figure 1 Democracy Growth and Education Growth 1970-1995 MLI HUN BEN MWI CAF ISR URY RWAMMR DNK NLD GBR ITA NIC AUT PHL TGO PER JPN ZWE TTO MEX FIN ZAF BWA CYP MLT FRA CAN TUN GUY ZAR USA CHEISL NZL CRI PRY IRL SDN CMRSLVJAM LBR DOM CHL VEN GTM LKA IDNCOL IND FJI KEN TUR AFG 0 KOR TWN HTI GHA UGA MUS SEN BEL AUS ESP HND ARG PRT THA LSO BOL BRANPL NER BRB GRC PAN ECU POL ZMB JOR DZA IRQ SYRSWE SGP IRN NOR KWT SWZ MYS SLE 2 4 Change in Average Years of Schooling (Barro-Lee) 6 Source: Acemoglu, Daron, Simon Johnson, James A. Robinso...
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This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.

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