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Early Starts, Reversals and Catchup in The Process of Economic Development

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Author Info
Areendam Chanda (Louisiana State University)
Louis Putterman (Brown University)

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Abstract

Early states like China, India, Italy and Greece have been experiencing more rapid economic growth in recent decades than have later-comers to agriculture and statehood like New Guinea, the Congo, and Uruguay. We show that more rapid growth by early starters has been the norm in economic history, and that the “reversal of fortune” associated with European overseas expansion from about 1500 to 1960 was an exception. We demonstrate that the colonial era reversal was in the process of being reversed in recent decades, and that this second reversal is in line with longer-term trends dating back to the first agricultural revolution.

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Publisher Info
Paper provided by EconWPA in its series Development and Comp Systems with number 0408016.

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Length: 44 pages
Date of creation: 19 Aug 2004
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Handle: RePEc:wpa:wuwpdc:0408016

Note: Type of Document - pdf; pages: 44
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Web page: http://129.3.20.41

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Related research
Keywords: economic growth; economic development; economic history;

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Find related papers by JEL classification:
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
N00 - Economic History - - General - - - General

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Burkett, John P & Humblet, Catherine & Putterman, Louis, 1999. "Preindustrial and Postwar Economic Development: Is There a Link?," Economic Development and Cultural Change, University of Chicago Press, vol. 47(3), pages 471-95, April.
  2. Easterly, William & Levine, Ross, 1997. "Africa's Growth Tragedy: Policies and Ethnic Divisions," The Quarterly Journal of Economics, MIT Press, vol. 112(4), pages 1203-50, November.
    Other versions:
  3. Graham Bird & Dane Rowlands, 2004. "Does the IMF Perform a Catalytic Role?," World Economics, World Economics, Economic & Financial Publishing, PO Box 69, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 1GB, vol. 5(1), pages 117-132, January. [Downloadable!]
  4. Areendam Chanda & Louis Putterman, 2004. "The Quest for Development," World Economics, World Economics, Economic & Financial Publishing, PO Box 69, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 1GB, vol. 5(2), pages 1-31, April. [Downloadable!]
  5. Bockstette, Valerie & Chanda, Areendam & Putterman, Louis, 2002. " States and Markets: The Advantage of an Early Start," Journal of Economic Growth, Springer, vol. 7(4), pages 347-69, December. [Downloadable!] (restricted)
    Other versions:
  6. Daron Acemoglu & Simon Johnson & James A. Robinson, 2002. "Reversal Of Fortune: Geography And Institutions In The Making Of The Modern World Income Distribution," The Quarterly Journal of Economics, MIT Press, vol. 117(4), pages 1231-1294, November. [Downloadable!] (restricted)
    Other versions:
  7. Barro, Robert J. & Lee, Jong-Wha, 1994. "Sources of economic growth," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 1-46, June. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Oded Galor & Quamrul Ashraf, 2008. "Human Genetic Diversity and Comparative Economic Development," Working Papers 2008-3, Brown University, Department of Economics. [Downloadable!]
    Other versions:
  2. Louis Putterman & David N. Weil, 2008. "Post-1500 Population Flows and the Long Run Determinants of Economic Growth and Inequality," NBER Working Papers 14448, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Louis Putterman, 2006. "Agriculture, Diffusion,and Development: Ripple Effects of the Neolithic Revolutions," Working Papers 2006-19, Brown University, Department of Economics. [Downloadable!]
    Other versions:
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