Factor Endowments, Institutions, and Differential Paths of Growth Among New World Economies:

Engerman, Stanley L.; Sokoloff, Kenneth L.

doi:10.4324/9780429498893-16

Cited by 49 publications

(64 citation statements)

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“…Similarly, Islamic countries used to be ahead in terms of technology and science relative to European ones for centuries (Mokyr 1990), before falling behind. Sokoloff and Engerman (1997) showed how in the Americas, areas that were ahead in the early days of colonization eventually fell behind. The sugar islands of the Caribbean are a case in point: once among the most prosperous places on earth, they have seen sharp declines in their relative economic performance (Sokoloff and Engerman 2000).…”

Section: The "History Curse" -An Illustrationmentioning

confidence: 99%

Persistence: Myth and Mystery

Voth

2020

SSRN Journal

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Is long-term economic persistence a myth? In this survey, I examine what has been learned from the wave of articles examining the persistence of economic phenomena. The article clarifies some of the concepts, distinguishes different strands of the literature, and questions the validity of recent critiques of persistence papers. While challenges in the form of misattribution and p-hacking abound, this survey concludes that persistence is real, and that future research should focus on mechanisms and the conditions under which persistence breaks down.

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Section: The "History Curse" -An Illustrationmentioning

confidence: 99%

Persistence: Myth and Mystery

Voth

2020

SSRN Journal

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“…According to Engerman and Sokoloff (2002), poor institutions may be an outcome of factor endowments. Briefly stated, according to the authors factor endowments are central to structural inequality (usually associated to land inequality), which is in turn a determinant of poorly managed institutions, low human capital investment and, therefore, underdevelopment 4 .…”

Section: Related Literaturementioning

confidence: 99%

Land inequality and deforestation in the Brazilian Amazon

Sant’Anna

2016

Envir. Dev. Econ.

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The aim of this paper is to demonstrate the relationship between land inequality and deforestation in the Brazilian Amazon. Therefore, it is developed an occupational choice model where an individual decides whether to become a farmer in an already established place or to move in search of economic opportunities and land to clear at the agricultural frontier. This model provides theoretical predictions that are tested empirically. Based on data from 515 municipalities, this paper estimates a Tobit model in order to test the theoretical predictions. Basically, it has been shown that there is little statistical evidence to support the existence of a direct relationship between land inequality and deforestation. Nevertheless, when one takes into account the effects of land inequality on deforestation through its interaction with credit and land reform policies, it can be shown that the pattern of land distribution, indeed, plays a role for deforestation. There is a positive relationship between credit and deforestation in more unequal places. Furthermore, this paper provides evidence that land reform in more unequal municipalities reduces deforestation. Hence, it is clear that there is a role for government to increase social welfare and reduce deforestation rates.

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“…Since the 1990s, this literature has been extended to view growth-promoting institutions less narrowly. More recent contributions argue, for example, that institutions for growth are multifaceted [Rodrik (2000)], interact with geography and inequality [Engerman and Sokoloff (1997)], develop semiendogenously [Greif (2006)], and are embedded in informal arrangements [North et al (2009)]. 1 In terms of econometric evidence, several papers have suggested that differences in institutions explain a large part-if not most-of the cross-country variation in level of GDP per capita.…”

Section: Related Literaturementioning

confidence: 99%

“…In panel studies the effect of inequality on average growth rates remains disputed. 7 However, parts of neo-institutional theory [Engerman and Sokoloff (1997)] and earlier work on the interaction of inequality and growth collapses ] suggest a negative sign for inequality, whereas earlier theories suggests that inequality rises alongside rapid development and falls again at higher income levels [Kuznets (1955)]. Our data for net income inequality are taken from Solt (2009), who appends, benchmarks, and standardizes data from UNU-WIDER's World Income Inequality Database (WIID).…”

Section: Explanatory Variablesmentioning

confidence: 99%

The Dynamics of Stagnation: A Panel Analysis of the Onset and Continuation of Stagnation

2016

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This paper analyzes periods of economic stagnation in a panel of countries. We test whether stagnation can be predicted by institutional characteristics and political shocks and compare the impacts of such variables with those of traditional macroeconomic variables. We examine the determinants of stagnation episodes using dynamic linear and nonlinear models. In addition, we analyze whether the effects of the included variables on the onset of stagnation differ from their effects on the continuation of stagnation. We find that inflation, negative regime changes, real exchange rate undervaluation, financial openness, and trade openness have significant effects on both the onset and the continuation of stagnation. Only for trade openness is there robust evidence of a differential impact. Open economies have a significantly lower probability of falling into stagnation, but once in stagnation they do not recover faster.

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Factor Endowments, Institutions, and Differential Paths of Growth Among New World Economies:

Cited by 49 publications

References 0 publications

Persistence: Myth and Mystery

Persistence: Myth and Mystery

Land inequality and deforestation in the Brazilian Amazon

The Dynamics of Stagnation: A Panel Analysis of the Onset and Continuation of Stagnation

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