The Role of Institutions

Better institutions but europeans settlements are

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Unformatted text preview: communist systems What are good and bad institutions Good institutions = those that encourage investment in Physical capital Human capital Technology Competing hypothesis: “culture” A testable hypothesis: british cultural and political influence was beneficial for colonies, certainly better than that of Spanish and French influence Does the evidence support this view Acemoglu and robinson’s results are robust to controlling for the identity of colonial power (if you control for the colonial identity, it still doesn’t change the result) Similar patterns when we look only...
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This document was uploaded on 03/28/2014 for the course INAF 252 at Georgetown.

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