• Further Unbundling Institutions. 

      Braunfels, Elias (SAM;13/2016, Working paper, 2016-10-07)
      This paper analyzes the effects of institutions on economic development, and focuses on separating political institutions from contracting and economic institutions. For a sample of former European colonies, I find that ...
    • How do political and economic institutions affect each other? 

      Braunfels, Elias (Discussion paper;19/2014, Working paper, 2014-05)
      This paper provides evidence for the mutually reinforcing relation of political and economic institutions. To overcome problems of endogeneity I utilize lag instruments within a GMM framework for dynamic panel data. ...