Institutions and U.S. Regional Development: A Study of Massachusetts and Virginia

Sukkoo Kim

No 13431, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The development of the American economy was accompanied by significant spatial income inequalities between the northern and southern regions. While many factors contributed to northern industrialization and southern stagnation, an important factor was differences in their institutions. In the North, a democratic institution fostered growth whereas in the South, an oligarchic institution favored status quo. To gain some insights on the nature and causes of the divergence of these institutions, this paper examines the development of political and legal institutions in Massachusetts and Virginia, the two leading states in the North and the South.

JEL-codes: H11 H70 N41 (search for similar items in EconPapers)
Date: 2007-09
New Economics Papers: this item is included in nep-geo, nep-his and nep-pke
Note: DAE POL
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Citations: View citations in EconPapers (1)

Published as Kim, Sukkoo, 2009. "Institutions and US regional development: a study of Massachusetts and Virginia," Journal of Institutional Economics, Cambridge University Press, vol. 5(02), pages 181-205, August.

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