Persistence of fortune: Accounting for Population Movements, There was no Post-Columbian Reversal
AbstractWe revisit the idea that colonized countries that were more (less) economically advanced in 1500 became poorer (richer, respectively) by the late 20th century. Using data on place of origin of today's country populations and the urbanization and population density measures used by Acemoglu et al. (2002) as indicators of level of development in 1500, we confirm a reversal of fortune for territories but find persistence of fortune and their descendants. The results are equally strong or stronger for three alternative measures of early development, namely years since transition to agriculture, state history, and the Comin et al (2010) year 1500 technology index. They are also robust to changing end years, to inclusion of non-colonized countries or exclusion of "neo-Europes" and city states, and to the addition of various controls.
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Bibliographic InfoPaper provided by Brown University, Department of Economics in its series Working Papers with number 2013-4.
Date of creation: 2013
Date of revision:
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Postal: Department of Economics, Brown University, Providence, RI 02912
Long-Run Economic Growth; Comparative Development; Colonized Countries; Early Development;
Other versions of this item:
- Areendam Chanda & C. Justin Cook & Louis Putterman, 2014. "Persistence of Fortune: Accounting for Population Movements, There Was No Post-Columbian Reversal," American Economic Journal: Macroeconomics, American Economic Association, American Economic Association, vol. 6(3), pages 1-28, July.
- Areendam Chanda & C. Justin Cook & Louis Putterman, . "Persistence of Fortune: Accounting for Population Movements, There was No Post-Columbian Reversal," Departmental Working Papers, Department of Economics, Louisiana State University 2013-03, Department of Economics, Louisiana State University.
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
- N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- R - Urban, Rural, Regional, Real Estate, and Transportation Economics
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