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Your answers shouldn't be longer than 5 sentences per question. The use of ChatGPT or other Al tool for this problem set is forbidden. Reading:
Your answers shouldn't be longer than 5 sentences per question. The use of ChatGPT or other Al tool for this problem set is forbidden. Reading: Glaeser, Edward L., Rafael La Porta, Florencio Lopez-De-Silanes and Andrei Shleifer, 2004. "Do Institutions Cause Growth?" The Journal of Economic Growth, 9, pp. 271-303. 1. What is the problem with measuring institutions based on outcomes? 2. What are the three conditions required for a valid instrumental variable? 3. What condition(s) are the authors concerned about when using European settlers' mortality as an instrument for current institutions and why? 4. Do you think we have causal evidence that institutions cause growth? Do we have causal evidence that past European settlements cause growth
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