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Acemoglu, Johnson, Robinson (2005) (view source)
Revision as of 15:53, 15 May 2012
, 15:53, 15 May 2012→The Role of Initial Institutions
*<math>ln AT_{t} \cdot PAT_{j} \cdot I_{j,1415}</math> tests the hypothesis of interest A significant <math>/eta</math> implies that there were differential paths taken by countries with different initial institutions, but divergent relates significantly to whether they took advantage to Atlantic trade.
*Results of Specification (3):<math>ln AT_{t} \cdot PAT_{j}</math> is significant by itself and with <math>\gamma_{t} \cdot I_{j,1415} \cdot d_{t}</math>. However, when <math>ln AT_{t} \cdot PAT_{j} \cdot I_{j,1415}</math> is entered, it is the only significant term.
=== What do the authors tests achieve?===
