The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.
Institutions, Human Capital and Development
Open accessAbstract
In this paper we revisit the relationship between institutions, human capital and development.We argue that empirical models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable bias problems and because of differential measurement error in these variables, and that this misspecification is at the root of the very large returns of human capital, about 4 to 5 times greater than that implied by micro (Mincerian) estimates, found in some of the previous literature.Using cross-country and cross-regional regressions, we show that when we focus on historically-determined differences in human capital and control for the effect of institutions, the impact of institutions on long-run development is robust, while the estimates of the effect of human capital are much diminished and become consistent with micro estimates.Using historical and cross-country regression evidence, we also show that there is no support for the view that differences in the human capital endowments of early European colonists have been a major factor in the subsequent institutional development of these polities.
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Cites
The colonial origins of comparative development: An empirical investigation
Acemoglu, D., Johnson, S., & Robinson, J. A. (2001) · American Economic Review · doi:10.1257/aer.91.5.1369 · Cited by 8,517
Self-citationNorth, D. C., & Weingast, B. R. (1989) · The Journal of Economic History · doi:10.1017/s0022050700009451 · Cited by 5,300
Acemoglu, D., & Johnson, S. (2005) · Journal of Political Economy · doi:10.1086/432166 · Cited by 2,385
History, Institutions, and Economic Performance: The Legacy of Colonial Land Tenure Systems in India
Banerjee, A., & Iyer, L. (2005) · American Economic Review · doi:10.1257/0002828054825574 · Cited by 1,268
Human Capital and Regional Development *
Gennaioli, N., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2013) · The Quarterly Journal of Economics · doi:10.1093/qje/qjs050 · Cited by 1,082
Direct versus Indirect Colonial Rule in India: Long-Term Consequences
Iyer, L. (2010) · Review of Economics and Statistics · doi:10.1162/rest_a_00023 · Cited by 339
Cited by
Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence
Aparicio, S., Urbano, D., & Audretsch, D. (2016) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2015.04.006 · Cited by 678
Connecting the sustainable development goals by their energy inter-linkages
McCollum, D. L., Echeverri, L. G., Busch, S., Pachauri, S., Parkinson, S., Rogelj, J., Krey, V., Minx, J. C., Nilsson, M., Stevance, A.-S., et al. (2018) · Environmental Research Letters · doi:10.1088/1748-9326/aaafe3 · Cited by 448
Human capital and industrialization: Evidence from the age of enlightenment
Squicciarini, M. P., & Voigtländer, N. (2015) · The Quarterly Journal of Economics · doi:10.1093/qje/qjv025 · Cited by 384
(2020) · doi:10.9770/jesi.2020.7.4(1
Metadata
- Authors
- Acemoglu, D., Gallego, F., & Robinson, J.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2014-02
- OpenAlex
- W3121518929
- Cited by
- 236
- References
- 6
- Type
- report
- Language
- en
- Open access
- green
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