Institution, Human Capital and Economic Development — Comment on Theories of Daron Acemoglu and Edward Glaeser
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v5i1.1644
Abstract
Institution and economy, two fields on which the operation of modern human society depends, and the various elements related to them, have always been the subject of much discussion. Daron Acemoglu argues that institutions lead to a logical chain of causality for economic development, and Edward L. Glaeser argues that it is human capital, not institutions, that lead to economic conditions after regions are colonized. This paper compares its conclusion with the interactive model of geographical development put forward by scholars in different periods, and analyzes its formation, evolution logic, and impact on economic performance. In the aspects of climate, local epidemiology, land quality, geology and landform, geographical location, natural resources, etc., many studies lack the causal logical chain. Therefore, this paper, from the perspective of comparative economics, analyzes the different interaction and iterative effects of these factors on the development of colonial economy in different regions.
Keywords
institution, economic development, human capital
Full Text
PDF - Viewed/Downloaded: 0 TimesIndexation
Download Index RecordReferences
[1] Acemoglu, D. James A. and Robinson.(2006) ‘Economic Backwardness in Political Perspective’, American Political Science Review. 2006b(100)，pp.115－131.
[2] Barro, R. J. (1991) ‘Economic Growth in a Cross-Section of Nations’, Quarterly Journal of Economics, 106(2), pp. 407-443.
[3] Hall, Robert E. and Charles I. Jones (1999).’Why Do Some Countries Produce so Much More Output per Worker than Others?’ Quarterly Journal of Economics, CXIV, pp.83-116.
[4] Engerman, Stanley and Kenneth Sokoloff (1997) ‘Factor Endowments. Institutions and Differential Paths of Growth among the New World Economies’ How Latin America Fell Behind Stanford: Stanford University Press. in Stephen Haber,ed.
[5] Gallup, John L. and JeffreyD. Sachs (1998).’The Economic Burden of Malaria’, Center for International Development, Harvard University, October.
[6] Sachs, Jeffrey D. (2000).’Tropical Underdevelopment’, Center for International. Development, Harvard University, September.
[7] Edward L. Glaeser, Rafael La Porta, Florencio Lopez-De-Silanes and Andrei Engerman, S. L. and Sokoloff, K. L. (2002) ‘Factor Endowments, Inequality, and Paths of Development among New World Economies’, Economia, 2002(3), pp.41-109.
[8] Glaeser, E. L., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2004). Do institutions cause growth?. Journal of economic Growth, 9, 271-303.
[9]Diamond J. M. (ed.) (1997) Guns, Germs and Steel: The Fate of Human
[10] Djankov, S., R. La Porta, F. Lopez de Silanes, and A. Shleifer. (2003) ‘The New Comparative Economics’, Policy Research Working Paper Series (2003).
[11] Rodrik D., Subramanian A. and Trebbi F. (2004) ‘Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development’, Journal of Economic Growth, 9(2), pp.131-165.
[12] Linden, P. H. (2001). Democracy, Decentralization, and Mass Schooling before 1914. Working Paper 104. University of California.
[13] McArthur, J. W., and Sachs, J. D. (2001) ‘Institutions and geography: comment on Acemoglu, Johnson and Robinson (2000)’, NBER Working Papers. Societies. New York：Norton & Co.
[14] North, D. C. and R. Thomas (1973) ‘The Rise of the Western World: A New Economic History’, Cambridge: Cambridge University Press’, Contemporary Sociology, 27(4), pp.38-38.
[15] Shleifer (2004) ‘Do Institutions Cause Growth?’, Journal of Economic Growth, Sep., 2004, Vol. 9, No. 3 (Sep., 2004), pp. 271-303.
[2] Barro, R. J. (1991) ‘Economic Growth in a Cross-Section of Nations’, Quarterly Journal of Economics, 106(2), pp. 407-443.
[3] Hall, Robert E. and Charles I. Jones (1999).’Why Do Some Countries Produce so Much More Output per Worker than Others?’ Quarterly Journal of Economics, CXIV, pp.83-116.
[4] Engerman, Stanley and Kenneth Sokoloff (1997) ‘Factor Endowments. Institutions and Differential Paths of Growth among the New World Economies’ How Latin America Fell Behind Stanford: Stanford University Press. in Stephen Haber,ed.
[5] Gallup, John L. and JeffreyD. Sachs (1998).’The Economic Burden of Malaria’, Center for International Development, Harvard University, October.
[6] Sachs, Jeffrey D. (2000).’Tropical Underdevelopment’, Center for International. Development, Harvard University, September.
[7] Edward L. Glaeser, Rafael La Porta, Florencio Lopez-De-Silanes and Andrei Engerman, S. L. and Sokoloff, K. L. (2002) ‘Factor Endowments, Inequality, and Paths of Development among New World Economies’, Economia, 2002(3), pp.41-109.
[8] Glaeser, E. L., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2004). Do institutions cause growth?. Journal of economic Growth, 9, 271-303.
[9]Diamond J. M. (ed.) (1997) Guns, Germs and Steel: The Fate of Human
[10] Djankov, S., R. La Porta, F. Lopez de Silanes, and A. Shleifer. (2003) ‘The New Comparative Economics’, Policy Research Working Paper Series (2003).
[11] Rodrik D., Subramanian A. and Trebbi F. (2004) ‘Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development’, Journal of Economic Growth, 9(2), pp.131-165.
[12] Linden, P. H. (2001). Democracy, Decentralization, and Mass Schooling before 1914. Working Paper 104. University of California.
[13] McArthur, J. W., and Sachs, J. D. (2001) ‘Institutions and geography: comment on Acemoglu, Johnson and Robinson (2000)’, NBER Working Papers. Societies. New York：Norton & Co.
[14] North, D. C. and R. Thomas (1973) ‘The Rise of the Western World: A New Economic History’, Cambridge: Cambridge University Press’, Contemporary Sociology, 27(4), pp.38-38.
[15] Shleifer (2004) ‘Do Institutions Cause Growth?’, Journal of Economic Growth, Sep., 2004, Vol. 9, No. 3 (Sep., 2004), pp. 271-303.
Copyright © 2024 Biyu Zhu, Jingyi Li
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License