We should hold @price_laborecon responsible for this. Did he make the graph? Unknown. But he clearly did nothing stop it from being made.
This triggers me in so many ways
RT @ArielKarlinsky: Precision like only economists know how! https://t.co/wkI6Zzmllr https://t.co/Q9QogJ9LQc
Precision like only economists know how! https://t.co/wkI6Zzmllr https://t.co/Q9QogJ9LQc
I would add that we did not just become aware of Polity's problems because they miscoded the Trump years. In fact, economists (!) have showed that Polity was measuring behaviour rather than institutions as early as 2004. Their paper has 4.5k cites. https
Do Institutions Cause Growth? Edward L. Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes & Andrei Shleifer https://t.co/Oed3mkZSRw.
Consistent with this is E Glaeser et al "Do Institutions Cause Growth?" (https://t.co/Px0D7MG6eu) (esp table 5) which observes that autocracies have more variable outcomes.
2/ התרשים המצורף [1] מתאר מדד למידת האיזונים והבלמים על הממשל. ניתן לראות את המגמות במדד זה עבור צפון ודרום קוריאה ממועד התחלקות המדינה ועד היום. שתי המדינות היו דיקטטורות בתחילת דרכן, בעלות מאפיינים תרבותיים, גיאוגרפיים וכלכליים דומים. [1] מקור: https:/
an additional discussion on the correlation between economic development and institutions @MerouanMekouar http://t.co/Si0zP0u5Sz