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Inequality in Land Ownership, the Emergence of Human Capital Promoting Institutions and the Great Divergence

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Figure

Figure 1. The evolution of income per capita before and after the implementation of education reforms
Figure 2. Overtaking. Country A is relatively richer in land, however, due to land inequality it fails to implement e¢ cient schooling and is overtaken by country B.
Table 1: Correlations of Variables
Table 2: Speci…cations for Changes in Per Child Education Expenditure
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