| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19933 |
| 来源ID | Working Paper 19933 |
| Institutions, Human Capital and Development | |
| Daron Acemoglu; Francisco Gallego; James A. Robinson | |
| 发表日期 | 2014-02-27 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable bias problems and because of differential measurement error in these variables, and that this misspecification is at the root of the very large returns of human capital, about 4 to 5 times greater than that implied by micro (Mincerian) estimates, found in some of the previous literature. Using cross-country and cross-regional regressions, we show that when we focus on historically-determined differences in human capital and control for the effect of institutions, the impact of institutions on long-run development is robust, while the estimates of the effect of human capital are much diminished and become consistent with micro estimates. Using historical and cross-country regression evidence, we also show that there is no support for the view that differences in the human capital endowments of early European colonists have been a major factor in the subsequent institutional development of these polities. |
| 主题 | Health, Education, and Welfare ; Education ; Development and Growth ; Development ; Other ; Economic Systems |
| URL | https://www.nber.org/papers/w19933 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577606 |
| 推荐引用方式 GB/T 7714 | Daron Acemoglu,Francisco Gallego,James A. Robinson. Institutions, Human Capital and Development. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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