Democratic Institution, Income Level and Number of Colleges

摘要

D.C. North proposes that institutional form affects long-run economic performance (see also Engerman and Sokoloff, Journal of the Latin American & Caribbean Economic Association, 2002). In modern society, colleges are the production center of new ideas and have been the source of the engine of growth in the modern world (c/ Glaeser, JEG, 2004; Ehrlich, NBER, 2007). At the same time, they may conflict with national authority. In addition, they are the pool of young energy and often take a major role in democratization.