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Unformatted text preview: within societies. Culture,
though slower changing, is also not exogenous. Even though
geography is exogenous to a large extent, this also does not mean
that a correlation between a geographical variable and an outcome of
interest must be a causal one – geographical outcomes could be
correlated with other omitted variables.
James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and2, 2009
September Historical Analysis
12 / 19 Cute Pewter Tableware –
look at the cheese and grapes soaking up lead… Dynamic Relationships
Proximate and (endogenous) fundamental factors interact
For instance, Modernization theory suggests that as countries become
more educated they tend to have more democratic political
institutions. But see next slide. . .
More generally the types of institutions a society might have may
depend on the stock of assets that it has and there may be vicious or
What we emphasize may di¤er in di¤erent circumstances, but we may
be able to use natural experiments to determine wh...
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This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.
- Fall '09
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