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Persistence of Fortune: Accounting for Population Movements, There Was No Post-Columbian Reversal

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Listed author(s):
  • Areendam Chanda
  • C. Justin Cook
  • Louis Putterman

Abstract

Using data on place of origin of today's country populations and the indicators of level of development in 1500 used by Acemoglu, Johnson, and Robinson (2002), we confirm a reversal of fortune for colonized countries as territories, but find persistence of fortune for people and their descendants. Persistence results are at least as strong for three alternative measures of early development, for which reversal for territories, however, fails to hold. Additional exercises lend support to Glaeser et al.'s (2004) view that human capital is a more fundamental channel of influence of precolonial conditions on modern development than is quality of institutions.

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Article provided by American Economic Association in its journal American Economic Journal: Macroeconomics.

Volume (Year): 6 (2014)
Issue (Month): 3 (July)
Pages: 1-28

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Handle: RePEc:aea:aejmac:v:6:y:2014:i:3:p:1-28
Note: DOI: 10.1257/mac.6.3.1
Contact details of provider: Web page: https://www.aeaweb.org/aej-macro
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Find related papers by JEL classification:
  • 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, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
  • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
  • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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Cited by:

  1. Anastasia Litina, 2016. "Natural land productivity, cooperation and comparative development," Journal of Economic Growth, Springer, vol. 21(4), pages 351-408, December.
  2. William Easterly & Ross Levine, 2016. "The European origins of economic development," Journal of Economic Growth, Springer, vol. 21(3), pages 225-257, September.
  3. Spolaore, Enrico & Wacziarg, Romain, 2014. "Long-Term Barriers to Economic Development," Handbook of Economic Growth, in: Handbook of Economic Growth, edition 1, volume 2, chapter 3, pages 121-176 Elsevier.
  4. Ertan, Arhan & Fiszbein, Martin & Putterman, Louis, 2016. "Who was colonized and when? A cross-country analysis of determinants," European Economic Review, Elsevier, vol. 83(C), pages 165-184.
  5. Okoye, Dozie & Pongou, Roland, 2015. "Sea Change: The Competing Long-Run Impacts of the Transatlantic Slave Trade and Missionary Activity in Africa," MPRA Paper 66221, University Library of Munich, Germany.
  6. Ho, Chi Pui, 2016. "GeoPopulation-Institution Hypothesis: Reconciling American Development Process and Reversal of Fortune within a Unified Growth Framework," MPRA Paper 73863, University Library of Munich, Germany.

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  1. Persistence of Fortune: Accounting for Population Movements, There Was No Post-Columbian Reversal (AEJ.MA 2014) in ReplicationWiki

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