Daron Acemoglu, Simon Johnson, and James A. Robinson (2001): The Colonial Origins of Comparative Development: An Empirical Investigation https://delong.typepad.com/files/colonial-origins.pdf_: "Europeans adopted very different colonization policies in different colonies, with different associated institutions. In places where Europeans faced high mortality rates, they could not settle and were more likely to set up extractive institutions... [which] persisted to thepresent.... We estimate large effects of institutions on income per capita. Once the effect of institutions is controlled for, countries in Africa or those closer to the equator do not have lower incomes... https://delong.typepad.com/files/colonial_origins.zip
#noted #2019-10-09
