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Acemoglu, Johnson, Robinson (2005) (view source)
Revision as of 14:43, 15 May 2012
, 14:43, 15 May 2012→Empirical Questions:
==Empirical Questions: ==
=== What is the author's topic and hypothesis? ===
The author attempts to show that Atlantic trade contributed to European growth through an indirect instutional channel as well as via its more obvious direct effects.
*Atlantic trade generated large profits fir comercial interests in favor of institutional changes in countries that met two crucial criteria:
#easy access to the Atlantic
#Nonabsolutisit initial insitutions
These profits swung the balence of power away from the monarchy and induced significant reforms in political institutions, which paved the way for more secure property rights.
=== How does the author test the hypothesis? ===
