THE PERSISTENCE OF (SUBNATIONAL) FORTUNE

• 成果类型: Article
• 署名作者: Maloney, William F.; Caicedo, Felipe Valencia
• 署名单位: The World Bank; The World Bank; Universidad de los Andes (Colombia); Pompeu Fabra University
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12276
• 发表日期: 2016
• 页码: 2363-2401
• 关键词: geographic concentration; institutions; PRODUCTIVITY; HISTORY; TRADE; WORLD; agglomeration; population; INEQUALITY; stagnation

摘要

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.