The Persistence of (Subnational) Fortune

Datos Bibliográficos

ID9708883
AutoresWilliam F Maloney (Development Economics Research Group and Chief Economist for Trade and Competitiveness, The World Bank, and Universidad de los Andes), Felipe Valencia Caicedo (Universitat Pompeu Fabra)
Año2016
Volumen126
Número598
Páginas2363-2401
Fecha de publicación2016-12-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1111/ecoj.12276
OpenAlexW3122219716
IdiomaEN
Citas recibidas24
Referencias citadas77

Using newly collected subnational data, this article establishes the within‐country persistence of economic activity in the New World over the last half millennium, a period including the trauma of European colonisation, the drastic reduction of native populations and the imposition of potentially growth inhibiting institutions. High pre‐colonial density areas tend to be denser today due to locational fundamentals and agglomeration effects: colonialists established settlements near existing native populations for reasons of labour, trade, knowledge and defence. These areas, identified with pre‐colonial prosperity, also tend to have higher incomes today suggesting that at the subnational level, fortune persists

Archaeology · Colonial period · Colonialism · Colonisation · Colonization · Development economics · Economic geography · Economic growth · Economics · Economies of agglomeration · Economy · Geography · Human settlement · Persistence (discontinuity · Political science · Prosperity · Settlement (finance · Culture, Economy, and Development Studies · Historical Economic and Social Studies