Edward L. Glaeser|Rafael La Porta|Florencio López de Silanes|Andrei Shleifer
Do Institutions Cause Growth?
revisit debate whether political institutions cause economic growth whether alternatively growth human capital accumulation lead institutional improvement find indicators institutional quality used establish proposition institutions cause growth constructed conceptually unsuitable purpose also find instrumental variable techniques used literature flawed basic ols results well variety additional evidence suggest human capital basic source growth institutions b poor countries get poverty good policies often pursued dictators c subsequently improve political institutions