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The Colonial Origins of Comparative Development: An Empirical Investigation
We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on economic performance. Our argument is that Europeans adopted very differentExpand
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Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution
A method and apparatus for the removal of cakes from an open filter press is proposed which involves directing one or more jets of a pressure fluid towards the chamber to impinge on an edge of theExpand
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Chapter 6 Institutions as a Fundamental Cause of Long-Run Growth
This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of differences in economic development. We first document the empiricalExpand
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Cronyism and Capital Controls: Evidence from Malaysia
The initial impact of the Asian financial crisis in Malaysia reduced the expected value of government subsidies to politically favored firms. Of the estimated $60 billion loss in market value forExpand
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Corporate Governance in the Asian Financial Crisis
The "Asian Crisis" of 1997-98 affected all the "emerging markets" open to capital flows. Measures of corporate governance, particularly the effectiveness of protection for minority shareholders,Expand
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Incomplete Contracts and the Product Cycle
I present a model in which the incomplete nature of contracts governing international transactions limits the extent to which the production process can be fragmented across borders. Because ofExpand
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Income and Democracy
We revisit one of the central empirical findings of the political economy literature that higher income per capita causes democracy. Existing studies establish a strong cross-country correlationExpand
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The Unofficial Economy in Transition
THE ECONOMIES of eastern Europe and the former Soviet Union (FSU) escaped communism with a heavy burden. When central planning collapsed, they continued to suffer from widespread political control ofExpand
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An African Success Story: Botswana
Botswana has had the highest rate of per capita growth of any country in the world in the last 35 years. This occurred despite adverse initial conditions, including minimal investment during theExpand
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Regulatory Discretion and the Unofficial Economy
Johnson, Kaufmann, and Shleifer (1997) find that the share of the unofficial economy in GDP is determined by the extent of control rights held by politicians and bureaucrats in post-communistExpand
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