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Roman Roads to Prosperity: Persistence and Non-Persistence of Public Goods Provision
(2018-02)
How persistent is public goods provision in a comparative perspective? We explore the link between infrastructure investments made during antiquity and the presence of infrastructure today, as well as the link between early ...
Why Are Market Economies Politically Stable? A Theory of Capitalist Cohesion
(2007-12-14)
The present paper documents that political stability is positively
associated with the extent of domestic trade. In explaining this reg-
ularity, we provide a model where political cohesion is linked to the
emergence ...
Windfall Gains, Political Economy, and Economic Development
(2006)
Natural resource rents and foreign aid have the character of windfall gains that affect economic outcomes both directly and indirectly. Several
studies have shown that the indirect effect typically works via institutions ...