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The Colonial Origins of Comparative Development: An Empirical Investigation
Ist Teil von
The American economic review, 2001-12, Vol.91 (5), p.1369-1401
Ort / Verlag
Nashville: American Economic Association
Erscheinungsjahr
2001
Quelle
Business Source Ultimate
Beschreibungen/Notizen
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.