Institutions, Human Capital, and Development

In this article, we revisit the relationship among 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 er...

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Bibliographic Details
Main Authors: Acemoglu, Daron, Gallego, Francisco A., Robinson, James A.
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:en_US
Published: Annual Reviews 2015
Online Access:http://hdl.handle.net/1721.1/95986
https://orcid.org/0000-0003-0908-7491