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The Importance of History for Economic Development
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The authors provide a survey of a growing body of empirical evidence that points towards the important long-term effects that historic events can have on current economic development, including institutions, culture, knowledge and technology and movements between multiple equilibria.Abstract:
This article provides a survey of a growing body of empirical evidence that points towards the important long-term effects that historic events can have on current economic development. The most recent studies, using micro-level data and more sophisticated identification techniques, have moved beyond testing whether history matters, and attempt to identify exactly why history matters. The most commonly examined channels include: institutions, culture, knowledge and technology, and movements between multiple equilibria. The article concludes with a discussion of the questions that remain and the direct of current research in the literature.read more
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Culture and Institutions
Alberto Alesina,Paola Giuliano +1 more
TL;DR: A growing body of empirical work measuring different types of cultural traits has shown that culture matters for a variety of economic outcomes as mentioned in this paper, focusing on one specific aspect of the relevance of culture: its relationship to institutions.
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Conceptualizing and Measuring Democracy: A New Approach
Michael Coppedge,Michael Coppedge,John Gerring,David Altman,Michael Bernhard,M. Steven Fish,Allen Hicken,Matthew Kroenig,Staffan I. Lindberg,Kelly M. McMann,Pamela Paxton,Holli A. Semetko,Svend-Erik Skaaning,Jeffrey K. Staton,Jan Teorell +14 more
TL;DR: In this article, the authors argue for an approach to conceptualize and measure regimes such that meaningful comparisons can be made through time and across countries, and review some of the payoffs such an approach might bring to the study of democracy.
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The Experimental Approach to Development Economics
Abhijit Banerjee,Esther Duflo +1 more
TL;DR: It is argued that the main virtue of randomized experiments is that, owing to the close collaboration between researchers and implementers, they allow the estimation of parameters that would not otherwise be possible to evaluate.
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The empire is dead, long live the empire! Long-run persistence of trust and corruption in the bureaucracy
TL;DR: This article used a border specification and a two-dimensional geographic regression discontinuity design to identify from individuals living within a restricted band around the former border and found that historical Habsburg affiliation increases current trust and reduces corruption in courts and police.
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COVID-19 Government Response Event Dataset (CoronaNet v.1.0).
TL;DR: The initial public release of a large hand-coded dataset of over 13,000 policy announcements made in response to the COVID-19 pandemic is presented, which shows the quick acceleration of the adoption of costly policies across countries beginning in mid-March 2020 through 24 May 2020.
References
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Law and Finance
Rafael La Porta,Rafael La Porta,Florencio Lopez de Silanes,Florencio Lopez de Silanes,Andrei Shleifer,Andrei Shleifer,Robert W. Vishny,Robert W. Vishny +7 more
TL;DR: This paper examined legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries and found that common law countries generally have the best, and French civil law countries the worst, legal protections of investors.
Journal ArticleDOI
Legal Determinants of External Finance
TL;DR: The authors showed that countries with poorer investor protections, measured by both the character of legal rules and the quality of law enforcement, have smaller and narrower capital markets than those with stronger investor protections.
Book
The Strategy of Conflict
TL;DR: In this paper, the authors propose a theory of interdependent decision based on the Retarded Science of International Strategy (RSIS) for non-cooperative games and a solution concept for "noncooperative" games.
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Why Do Some Countries Produce so Much More Output Per Worker than Others
TL;DR: This paper showed that differences in physical capital and educational attainment can only partially explain the variation in output per worker, and that a large amount of variation in the level of the Solow residual across countries is driven by differences in institutions and government policies.
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