Current differences in development between North and Latin American countries led to different academic approaches explaining this phenomenon. One thesis is the institutionalist approach with two popular theories brought up by Daron Acemoglu and Engermann and Sokoloff differing in their definition on institutions. Further research confirms these theories in parts depending on their empirical methodology.
My empirical work focusses on Engermann and Sokoloff, finding soft evidence for their claim of colonial activities influencing growth paths until today. I do not find evidence for colonial activities and slavery influencing modern income inequality.
Content
1. Introduction
2. The Institutionalist Approach - A Literature Overview
2.1. Engermann and Sokoloff - Economic and Political Inequality
2.2. Acemoglu - Property Rights
3. Empirical Work
4. Conclusion
5. References
6. Appendix
- Citar trabajo
- Thomas Craemer (Autor), 2017, Inequality in the New World. Discussing the Institutionalist Approach, Múnich, GRIN Verlag, https://www.grin.com/document/364580
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