Reversal of fortune: geography and institutions in the making of the modern world income distribution
Among countries colonized by European powers during the past 500 years those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal is inconsistent...
Gespeichert in:
| Beteiligte Personen: | , , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2001
|
| Schriftenreihe: | NBER working paper series
8460 |
| Schlagwörter: | |
| Links: | http://papers.nber.org/papers/w8460.pdf |
| Zusammenfassung: | Among countries colonized by European powers during the past 500 years those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal is inconsistent with a view that links economic development to geographic factors. According to the geography view, societies that were relatively rich in 1500 should also be relatively rich today. In contrast, the reversal is consistent with the role of institutions in economic development. The expansion of European overseas empires starting in the 15th century led to a major change in the institutions of the societies they colonized. In fact, the European intervention appears to have created an 'institutional reversal' among these societies, in the sense that Europeans were more likely to introduce institutions encouraging investment in regions that were previously poor. This institutional reversal accounts for the reversal in relative incomes. We provide further support for this view by documenting that the reversal in relative incomes took place during the 19th century, and resulted from societies with good institutions taking advantage of industrialization opportunities. |
| Umfang: | 43, 15, [23] S. graph. Darst., Kt. |
Internformat
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| 520 | |a Among countries colonized by European powers during the past 500 years those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal is inconsistent with a view that links economic development to geographic factors. According to the geography view, societies that were relatively rich in 1500 should also be relatively rich today. In contrast, the reversal is consistent with the role of institutions in economic development. The expansion of European overseas empires starting in the 15th century led to a major change in the institutions of the societies they colonized. In fact, the European intervention appears to have created an 'institutional reversal' among these societies, in the sense that Europeans were more likely to introduce institutions encouraging investment in regions that were previously poor. This institutional reversal accounts for the reversal in relative incomes. We provide further support for this view by documenting that the reversal in relative incomes took place during the 19th century, and resulted from societies with good institutions taking advantage of industrialization opportunities. | ||
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| geographic | Europa Europe Colonies Economic conditions |
| geographic_facet | Europa Europe Colonies Economic conditions |
| id | DE-604.BV013961139 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T10:56:38Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-009554513 |
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| physical | 43, 15, [23] S. graph. Darst., Kt. |
| publishDate | 2001 |
| publishDateSearch | 2001 |
| publishDateSort | 2001 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | NBER working paper series |
| series2 | NBER working paper series |
| spelling | Acemoglu, Daron 1967- Verfasser (DE-588)124929575 aut Reversal of fortune geography and institutions in the making of the modern world income distribution Daron Acemoglu ; Simon Johnson ; James A. Robinson Cambridge, Mass. National Bureau of Economic Research 2001 43, 15, [23] S. graph. Darst., Kt. txt rdacontent n rdamedia nc rdacarrier NBER working paper series 8460 Among countries colonized by European powers during the past 500 years those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal is inconsistent with a view that links economic development to geographic factors. According to the geography view, societies that were relatively rich in 1500 should also be relatively rich today. In contrast, the reversal is consistent with the role of institutions in economic development. The expansion of European overseas empires starting in the 15th century led to a major change in the institutions of the societies they colonized. In fact, the European intervention appears to have created an 'institutional reversal' among these societies, in the sense that Europeans were more likely to introduce institutions encouraging investment in regions that were previously poor. This institutional reversal accounts for the reversal in relative incomes. We provide further support for this view by documenting that the reversal in relative incomes took place during the 19th century, and resulted from societies with good institutions taking advantage of industrialization opportunities. Geschichte Kolonie Wirtschaft Wirtschaft. Geschichte Wirtschaftsentwicklung Colonies Investments History Economic development History Economic geography Economic history Income distribution History Institution building Economic aspects History Institutional economics Europa Europe Colonies Economic conditions Johnson, Simon 1963- Verfasser (DE-588)128759240 aut Robinson, James A. Verfasser aut Erscheint auch als Online-Ausgabe NBER working paper series 8460 (DE-604)BV002801238 8460 http://papers.nber.org/papers/w8460.pdf kostenfrei Volltext |
| spellingShingle | Acemoglu, Daron 1967- Johnson, Simon 1963- Robinson, James A. Reversal of fortune geography and institutions in the making of the modern world income distribution NBER working paper series Geschichte Kolonie Wirtschaft Wirtschaft. Geschichte Wirtschaftsentwicklung Colonies Investments History Economic development History Economic geography Economic history Income distribution History Institution building Economic aspects History Institutional economics |
| title | Reversal of fortune geography and institutions in the making of the modern world income distribution |
| title_auth | Reversal of fortune geography and institutions in the making of the modern world income distribution |
| title_exact_search | Reversal of fortune geography and institutions in the making of the modern world income distribution |
| title_full | Reversal of fortune geography and institutions in the making of the modern world income distribution Daron Acemoglu ; Simon Johnson ; James A. Robinson |
| title_fullStr | Reversal of fortune geography and institutions in the making of the modern world income distribution Daron Acemoglu ; Simon Johnson ; James A. Robinson |
| title_full_unstemmed | Reversal of fortune geography and institutions in the making of the modern world income distribution Daron Acemoglu ; Simon Johnson ; James A. Robinson |
| title_short | Reversal of fortune |
| title_sort | reversal of fortune geography and institutions in the making of the modern world income distribution |
| title_sub | geography and institutions in the making of the modern world income distribution |
| topic | Geschichte Kolonie Wirtschaft Wirtschaft. Geschichte Wirtschaftsentwicklung Colonies Investments History Economic development History Economic geography Economic history Income distribution History Institution building Economic aspects History Institutional economics |
| topic_facet | Geschichte Kolonie Wirtschaft Wirtschaft. Geschichte Wirtschaftsentwicklung Colonies Investments History Economic development History Economic geography Economic history Income distribution History Institution building Economic aspects History Institutional economics Europa Europe Colonies Economic conditions |
| url | http://papers.nber.org/papers/w8460.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT acemogludaron reversaloffortunegeographyandinstitutionsinthemakingofthemodernworldincomedistribution AT johnsonsimon reversaloffortunegeographyandinstitutionsinthemakingofthemodernworldincomedistribution AT robinsonjamesa reversaloffortunegeographyandinstitutionsinthemakingofthemodernworldincomedistribution |