The Cultural Foundations of State Legitimacy: Kinship Intensity and Institutional Mismatch. (2026) [Draft]
[SSRN] [Frank D. Lewis Memorial Prize in Economic History]
Abstract: Why do institutional transplants succeed or fail? I argue that formal institutions lose legitimacy when they conflict with local social structures. I examine whether Common Law better accommodates kinship norms by allowing judges greater flexibility. I compare communities within ethnic homelands partitioned by borders between Civil and Common Law. Civil Law lowers economic activity in high-kinship societies but not in low-kinship societies, implying 12.6% lower GDP per capita. Surveys link this mismatch to lower state trust and civic participation. To investigate the mechanism, I analyse a new corpus of colonial court documents and find more accommodating language toward customary norms under Common Law. In Cameroon, after Civil Law judges were appointed to Common Law courts in 2016, economic activity fell three times as much in high-kinship communities as in low-kinship communities. The results suggest that compatibility between culture and institutions affects state legitimacy and economic performance.
Corporations as the State: Urbanisation, Women's Empowerment, and Long-Run Development in the Copperbelt. (2025) - Revise & Resubmit at Journal of Development Economics [Draft]
[SSRN] [African Economic History Network Working Paper] [Mining History Association Research Grant]
The Origins of Superstition: Environmental Volatility and Magical Beliefs. (2026) [Draft]
[SSRN] [Slides]
The Dispossessed: Large-Scale Land Acquisitions, Elite Capture, and Dissent in Africa. (2026) [Draft]
[arXiv] [Slides]
What's in a Name? Champagne Exports under Shampanskoye Protectionism. (2026) - Revise & Resubmit at Journal of Wine Economics
Champagne Spillovers: Geographical Indications and Regional Economic Development. Journal of Wine Economics (2026)
[AAWE Scholarship for Research Papers in Wine Economics] [Media: VinoVonk]
Interest rate risk exposures and hedging of euro area banks’ banking books. Financial Stability Review (2022)
(with B. Klaus, F. Lenoci and C. Pancaro) [Media: ECB Speech]
The Digital Money Trilemma: Sovereignty, Stability, and Integration in Cross-Border CBDCs. Digitalisation towards Sustainable Development – Comparative International Perspectives, Routledge (forthcoming)
(eds. W. Reiners and S. Lucatello) [Marie Skłodowska-Curie PRODIGEES Grant]
The Insurance Origins of the State
Rooted in Place: Staple Crops, Trade, and Structural Transformation
(with J. Enguehard & C. Hamilton)
Kinship Structure and the Marriage Market: Evidence from West Sumatra
rddid. A Stata package to estimate Difference-in-Discontinuities. (2026) [GitHub]
(Install: ssc install rddid)