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Distinguished Guest Lecture: The Persistence and Change of Institutions in the Americas

Author

Listed:
  • Daron Acemoglu

    () (Massachusetts Institute of Technology, Department of Economics, E52-380, 50 Memorial Drive, Cambridge,MA 02142, USA)

  • James A. Robinson

    () (Harvard University, Department of Government and IQSS, 1737 Cambridge Street N309, Cambridge MA 01238, USA)

Abstract

Though many empirical and theoretical approaches to comparative development assume that institutions persist for long periods of time, specific institutions vary a lot over periods as long as a century. Therefore, a convincing theory of institutional persistence must explain how persistence of institutional equilibria and accompanying incentive environment is consistent with changes in specific institutions. In this paper, we propose a simple explanation of how economic institutions may persist even when political institutions change and illustrate it with the economic history of the U.S. South and some examples from Latin American history.

Suggested Citation

  • Daron Acemoglu & James A. Robinson, 2008. "Distinguished Guest Lecture: The Persistence and Change of Institutions in the Americas," Southern Economic Journal, Southern Economic Association, vol. 75(2), pages 282-299, October.
  • Handle: RePEc:sej:ancoec:v:75:2:y:2008:p:282-299
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    Citations

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    Cited by:

    1. Olfert, R. & Berdegué, J. & Escobal, J. & Jara, B. & Modrego, F., 2011. "Places for Place-Based Policies," Working papers 079, Rimisp Latin American Center for Rural Development.
    2. Stephan E. Maurer, 2018. "Oil Discoveries and Education Spending in the Postbellum South," CEP Discussion Papers dp1526, Centre for Economic Performance, LSE.
    3. Sébastien MARCHAND, 2010. "Historical and Comparative Institutional Analysis: Evidences from Deforestation," Working Papers 201016, CERDI.
    4. Theo S. Eicher & David J. Kuenzel, 2017. "European Influence and Economic Development," Wesleyan Economics Working Papers 2017-002, Wesleyan University, Department of Economics.

    More about this item

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

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