The Persistence of (Subnational) Fortune

@article{Maloney2016ThePO,
  title={The Persistence of (Subnational) Fortune},
  author={W. Maloney and Felipe Valencia Caicedo},
  journal={Wiley-Blackwell: Economic Journal},
  year={2016}
}
Using subnational historical data, this paper establishes the within country persistence of economic activity in the New World over the last half millennium, a period including the trauma of the European colonization, the decimation of the native populations, and the imposition of potentially growth inhibiting institutions. We construct a data set incorporating measures of pre-colonial population density, new measures of present regional per capita income and population, and a comprehensive set… Expand

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