| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14604 |
| 来源ID | Working Paper 14604 |
| Institutions vs. Policies: A Tale of Two Islands | |
| Peter Blair Henry; Conrad Miller | |
| 发表日期 | 2008-12-23 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Recent work emphasizes the primacy of differences in countries' colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination. Both countries inherited property rights and legal institutions from their English colonial masters yet experienced starkly different growth trajectories in the aftermath of independence. From 1960 to 2002, Barbados' GDP per capita grew roughly three times as fast as Jamaica's. Consequently, the income gap between Barbados and Jamaica is now almost five times larger than at the time of independence. Since their property rights and legal systems are virtually identical, recent theories of development cannot explain the divergence between Barbados and Jamaica. Differences in macroeconomic policy choices, not differences in institutions, account for the heterogeneous growth experiences of these two Caribbean nations. |
| 主题 | Macroeconomics ; International Economics ; History ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w14604 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572279 |
| 推荐引用方式 GB/T 7714 | Peter Blair Henry,Conrad Miller. Institutions vs. Policies: A Tale of Two Islands. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14604.pdf（56KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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