Institutions versus Policies: A Tale of Two Islands

@inproceedings{Henry2009InstitutionsVP,
  title={Institutions versus Policies: A Tale of Two Islands},
  author={Peter Henry and Conrad Miller},
  year={2009}
}
  • Peter Henry, Conrad Miller
  • Published 2009
  • Economics, Political Science
  • Recent work emphasizes the primacy of differences in countries' colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination. Both countries inherited property rights and legal institutions from their English colonial masters yet experienced starkly different growth trajectories in the aftermath of independence. From 1960 to 2002… CONTINUE READING

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