The Colonial Origins of Comparative Development - An Empirical Investigation by Daron Acemoglu, Simon Johnson and James A. Robinson

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The Colonial Origins of Comparative Development: An Empirical Investigation - American Economic Association

The Colonial Origins of Comparative Development: An Empirical Investigation by Daron Acemoglu, Simon Johnson and James A. Robinson. Published in volume 91, issue 5, pages 1369-1401 of American Economic Review, December 2001, Abstract: We exploit differences in European mortality rates to...
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American Economic Review​



ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)

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The Colonial Origins of Comparative Development: An Empirical Investigation​


  • Daron Acemoglu
  • Simon Johnson
  • James A. Robinson


American Economic Review

vol. 91, no. 5, December 2001


(pp. 1369–1401)
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Abstract​

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.

Citation​

Acemoglu, Daron, Simon Johnson, and James A. Robinson. 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation." American Economic Review, 91 (5): 1369–1401. DOI: 10.1257/aer.91.5.1369



 
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