Identification of the impact of political and economic institutions on economic development requires the use of valid instruments for institutional quality. Recent empirical studies use colonial settler mortality rates as such an instrument. Our paper develops a more eclectic theory of colonial development, and compares the performance of the settler mortality model to alternatives incorporating instruments reflecting the factor endowments of colonial economies. Ceteris paribus, colonies with a natural comparative advantage in pastoral agriculture were more likely to experience European settlement that led to non-extractive institutions.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)