"Institutions and Economic Performance" explores the question of why income per capita varies so greatly across countries. Even taking into account disparities in resources, including physical and human capital, large economic discrepancies remain across countries. Why are some societies but not others able to encourage investments in places, people, and productivity?The answer, the book argues, lies to a large extent in institutional differences across societies. Such institutions are wide-ranging and include formal constitutional arrangements, the role of economic and political elites, informal institutions that promote investment and knowledge transfer, and others. Two core themes run through the contributors' essays. First, what constraints do institutions place on the power of the executive to prevent it from extorting the investments and effort of other people and institutions? Second, when are productive institutions self-enforcing?"Institutions and Economic Performance" is unique in its melding of economics, political science, history, and sociology to address its central question.
Introduction 1
Pt. 1 History
1 The Impact of Administrative Power on Political and Economic Developments: Toward a Political Economy of Implementation by Avner Greif 17
2 The Institutional Origins of the Industrial Revolution by Joel Mokyr 64
3 Institutions and the Resource Curse in Early Modern Spain by Mauricio Drelichman and Hans-Joachim Voth 120
4 Slavery, Inequality, and Economic Development in the Americas: An Examination of the Engerman-Sokoloff Hypothesis by Nathan Nunn 148
5 Economic and Political Inequality in Development: The Case of Cundinamarca, Colombia by Daron Acemoglu and Maria Angelica Bautista and Pablo Querubin and James Robinson 181
Pt. 2 Theory
6 The Constitutional Choice of Bicameralism by Abhinay Muthoo and Kenneth A. Shepsle 249
7 Economic Development, Insurgency, and Civil War by James D. Fearon 292
8 Party Discipline and Pork-Barrel Politics by Gene Grossman and Elhanan Helpman 329
9 Policy Persistence in Multi-Party Parliamentary Democracies by Daniel Diermeier and Pohan Fong 361
Pt. 3 Contemporary Evidence
10 Formalizing Informal Institutions: Theory and Evidence from a Kenyan Slum by Siwan Anderson and Patrick Francois 409
11 Making Autocracy Work by Timothy Besley and Masayuki Kudamatsu 452
12 Democracy, Technology and Growth by Philippe Aghion and Alberto Alesina and Francesco Trebbi 511
13 The Growth Effect of Democracy: Is it Heterogeneous and How Can it Be Estimated? by Torsten Persson and Guido Tabellini
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