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- Daron Acemoglu
- Department of Economics, E52-380b, Massachusetts Institute of Technology, Cambridge, MA 02319, and Canadian Institute for Advanced Research.
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- Simon Johnson
- Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA 02319.
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- James A Robinson
- Department of Political Science and Department of Economics, 210 Barrows Hall, University of California, Berkeley, CA 94720.
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説明
<jats:p> We exploit differences in European mortality rates to estimate the effect of institutions on economic performance. 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. These institutions persisted to the present. Exploiting differences in European mortality rates as an instrument for current institutions, 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. (JEL O11, P16, P51) </jats:p>
収録刊行物
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- American Economic Review
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American Economic Review 91 (5), 1369-1401, 2001-12-01
American Economic Association
