Here are the highlights:
• Develop novel identification strategy to estimate the effect of institutions on economic development in former colonies.
• Identification accounts for both settlement conditions and colonizer identity, treating them as complements rather than substitutes.
• Use Economic Freedom of the World index as measure of broad cluster of mutually reinforcing economic institutions.
• Provide robust evidence that institutions exert a strong, positive, and potentially causal impact on log real GDP per capita.
• Geography (i.e., malaria ecology) exerts both direct and indirect effects via institutions on economic development.
Download a copy of the paper on my journal articles page.