TY  - JOUR
AU  - Kim,Sukkoo
TI  - Institutions and U.S. Regional Development: A Study of Massachusetts and Virginia
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 13431
PY  - 2007
Y2  - September 2007
UR  - http://www.nber.org/papers/w13431
L1  - http://www.nber.org/papers/w13431.pdf
N1  - Author contact info:
Sukkoo Kim
Department of Economics
Washington University
One Brookings Drive
St. Louis, MO 63130-4899
Tel: 314/935-4961
Fax: 314/935-4156
E-Mail: soks@artsci.wustl.edu
AB  - 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.
ER  -