Theory and empirics of root causes of economic progress
The thesis revisits the debate over the relative contribution of root causes (institutions, geography, trade openness, religion and culture, and knowledge) in economic growth. The results show that institutions, market proximity, malaria and Catholicism have direct effects on economic progress. Catholicism is associated with poor institutions and is not good for trade. Malaria is the most important factor for Africa. The Africa result is explained by an overlapping generations model which shows...[Show more]
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