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• W2059123080 abstract "We investigate the relationship between corruption and economic performance, focusing on the historical roots of the former. We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We empirically test this hypothesis on a dataset of Italian provinces, and address the possible endogeneity of corruption by applying an IV model. We use three sets of historical instruments for corruption: 1) foreign dominations that ruled Italian regions between the 16th and 17th century; 2) autocracy/autonomous rule in the 14th century; 3) an index of social capital between the end of the 19th and at the onset of the 20th century. The results confirm the validity of the set of instruments (2) and (3), and indicate a significant impact of historically driven corruption on development." @default.
• W2059123080 created "2016-06-24" @default.
• W2059123080 creator A5026334527 @default.
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• W2059123080 date "2013-01-01" @default.
• W2059123080 modified "2023-09-23" @default.
• W2059123080 title "The historical economics of corruption and development within Italy" @default.
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• W2059123080 doi "https://doi.org/10.1504/ijmef.2013.056396" @default.
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