Institutional transformation and the origins of world income distribution

De jure and de facto political institutions are quantified for a large number of countries since 1810. * The effects of de jure and de facto political institutions on long-run development are examined. * De facto institutions appear to be more important for long-run development than de jure institutions. * De jure and de facto political institutions explain up to 83% of development gaps across countries. This paper presents an attempt to quantify institutional changes and examine the respective effects of de jure and de facto political institutions on the path of long-run economic growth and d... Mehr ...