Institutional transformation and the origins of world income distribution

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

Institutional transformation and the origins of world income distribution This paper presents an attempt to quantify institutional changes and examine the respec- tive effects of de jure and de facto political institutions on the path of long-run economic growth and development for a large panel of countries in the period 1810–20 0 0. Using fac- tor analysis, latent indices of de jure and de facto political institutions are constructed by exploiting several existing institutional datasets. The empirical evidence consistently sug- gests that societies with more extractive political institutions in Latin America, South Asia, Middle East and Eastern Europe have achieved systematically slower long-run economic growth and failed to catch-up with the West. The evidence confirms the primacy of de facto institutional differences over de jure institutions in causing differential growth and development outcomes over time. It also explains why highly concentrated political power and extractive political regimes inhibited the path of economic growth by setting persis- tent barriers to the engagement in collective action. In the long run, institutional differ- ences account for up to two thirds of within-country development path and up to 83% of between-country development gaps. Journal of Comparative Economics 44 (4) (2016) 936–960. Department of Economic and Social History, Utrecht University, Drift 6, NL-3512 BS Utrecht, The Netherlands.

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：distribution Institution transform formation Origins income world

This paper contributes to the growing literature on the long-run effects of political institutions and economic growth by charting de jure and de facto political development, and examining the effects on long-run growth and development. However, it still remains unclear why inclusive de jure and de facto political institutions evolved initially in Northwestern Europe rather than in Eastern and Southern Europe, Latin America, and South Asia, or Sub-Saharan Africa and the Middle East. This puzzle leaves on the explanation of how the initial conditions shaped the future of institutional change largely unanswered. The emphasis on the role of initial conditions and its effect in subsequent institutional development is a fruitful area for future research.