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Same Same but Different? A Comparison of Institutional Models

  • Hansson, Gustav

    ()

    (Department of Economics, School of Business, Economics and Law, Göteborg University)

In the growing literature on the creation of institutions, the theories emphasizing colonial and legal origin, religious affiliation, Western European influence, and settler mortality, have been especially influential. The influence of these studies rests heavily on empirical modeling, which, since the theories are obviously closely related, might actually capture the same primary mechanism. It is therefore unclear whether the empirical relationships found are the same or if they are different. Therefore, this paper takes the empirical models seriously and discriminates amongst the existing models by using modeling selection criteria, tests of encompassing, and modeling selection.

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File URL: http://hdl.handle.net/2077/18719
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Paper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 329.

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Length: 34 pages
Date of creation: 19 Nov 2008
Date of revision:
Handle: RePEc:hhs:gunwpe:0329
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Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden

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Web page: http://www.handels.gu.se/econ/

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  1. Paolo Mauro, 1995. "Corruption and Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 110(3), pages 681-712.
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  8. Barro, Robert J., 1999. "Determinants of Democracy," Scholarly Articles 3451297, Harvard University Department of Economics.
  9. Hansson, Gustav, 2006. "Institutions and their Measures: A Black Box of Goodies," Working Papers in Economics 206, University of Gothenburg, Department of Economics.
  10. Danila Serra, 2006. "Empirical determinants of corruption: A sensitivity analysis," Public Choice, Springer, vol. 126(1), pages 225-256, January.
  11. William Easterly & Ross Levine, 2002. "Tropics, Germs, and Crops: How Endowments Influence Economic Development," NBER Working Papers 9106, National Bureau of Economic Research, Inc.
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  13. Davidson, Russell & MacKinnon, James G, 1981. "Several Tests for Model Specification in the Presence of Alternative Hypotheses," Econometrica, Econometric Society, vol. 49(3), pages 781-93, May.
  14. Bleaney, Michael & Nishiyama, Akira, 2002. "Explaining Growth: A Contest between Models," Journal of Economic Growth, Springer, vol. 7(1), pages 43-56, March.
  15. MacKinnon, James G. & White, Halbert & Davidson, Russell, 1983. "Tests for model specification in the presence of alternative hypotheses : Some further results," Journal of Econometrics, Elsevier, vol. 21(1), pages 53-70, January.
  16. Gregory N. Price, 2003. "Economic Growth in a Cross-section of Nonindustrial Countries: Does Colonial Heritage Matter for Africa?," Review of Development Economics, Wiley Blackwell, vol. 7(3), pages 478-495, 08.
  17. David Y. Albouy, 2008. "The Colonial Origins of Comparative Development: An Investigation of the Settler Mortality Data," NBER Working Papers 14130, National Bureau of Economic Research, Inc.
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