Institutions versus Geography : Subnational Evidence from the United States

Empirical studies of the impact of geography and institutions on growth and development at the international level have become common place, but the high degree of abstraction at that level has led to calls for subnational studies. This paper examines these issues for a region of the United States, Appalachia, where the specific factors at play are identified and measured thus obviating the need for instrumental variable techniques. The evidence suggests that initial conditions, including both geography and institutions, are very important for economic development, having significant effects lasting hundreds of years.
Publication date: July 2006
ISBN: 9781451864298
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Development - Economic Development , institutions , geography , Appalachia , econometrics , probability , growth rates , instrumental variable , Macroeconomic Analyses of Economic Development , Economic Development: Regional , Urban , and Rural Analyses , Regional Economic Activity: Growth , Development , and Changes

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