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The Colonial Origins of Comparative Development: An Empirical Investigation: Reply

Daron AcemoğluDepartment of Economics, Massachusetts Institute of Technology, 50 Memorial Drive, Cambridge, MA 02142Simon JohnsonSloan School of Management, Massachusetts Institute of Technology, 50 Memorial Drive, Cambridge, MA 02142James A. RobinsonHarvard University, 1737 Cambridge St., Cambridge, MA 02138
2012en
ABI

Аннотация

Acemoglu, Johnson, and Robinson (2001) established that economic institutions today are correlated with expected mortality of European colonialists. David Albouy argues this relationship is not robust. He drops all data from Latin America and much of the data from Africa, making up almost 60 percent of our sample, despite much information on the mortality of Europeans in those places during the colonial period. He also includes a “campaign” dummy that is coded inconsistently; even modest corrections undermine his claims. We also show that limiting the effect of outliers strengthens our results, making them robust to even extreme versions of Albouy's critiques. (JEL D02, E23, F54, I12, N40, O43, P14)

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