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Acemoglu, Johnson, Robinson (2005) (view source)
Revision as of 12:41, 16 May 2012
, 12:41, 16 May 2012→How does the author rule out alternative hypotheses?
=== How does the author rule out alternative hypotheses? ===
*Could this just be a cultural effect? No, Western Europe non-Atlantic traders did not grow faster.
*Could this be a cost effect? No Mediterranean traders did not grow faster.
*Could this just be due to income generated from trade? No, prior work by historians indicate that income earned from trade can not explain growth differences.
To check the robustness of their results, the authors run specification (2) with a number of additional covariates.
