Acemoglu, Johnson, and Robinson (2001) (hereafter, AJR) is a seminal article that has reinvigorated debate over the relationship between property rights and economic growth. Following Knack and Keefer (1995), Mauro (1995), La Porta et al. (1998), Hall and Jones (1999), Rodrik (1999), and others, AJR endeavors to determine the causal effect of institutions that protect property rights, measured ...