During the Scramble for Africa, European colonization relied on private concessionary companies that established distinctive institutional frameworks. This paper provides new empirical evidence suggesting that colonial corporate governance produced divergent long-run development...
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JEL Code: O4
Economic Development, Innovation, Technological Change, and Growth → Economic Growth and Aggregate Productivity
Institutions of justice, like prisons, can be used to serve economic and other extra- judicial interests, with lasting deleterious effects. We study the effects on incarceration when prisoners are used primarily as...
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