Nunn, Nathan (2007): Slavery, Inequality, and Economic Development in the Americas: An Examination of the Engerman-Sokoloff Hypothesis.
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Recent research argues that among former New World colonies a nation's past dependence on slave labor was important for its subsequent economic development (Engerman and Sokoloff, 1997, 2002, 2006; Sokoloff and Engerman, 2000). These studies argue that specialization in plantation agriculture based on slave labor caused economic inequality, which concentrated power in the hands of a small elite, adversely affecting the development of domestic institutions needed for sustained economic growth. I test for these relationships looking both across former New World economies and across states and counties within the U.S. I find evidence that slave use is negatively correlated with subsequent economic development. However, I do not find evidence that this negative relationship is driven by large scale plantation slavery, or that the relationship works through slavery’s effect on economic inequality.
|Item Type:||MPRA Paper|
|Institution:||University of British Columbia|
|Original Title:||Slavery, Inequality, and Economic Development in the Americas: An Examination of the Engerman-Sokoloff Hypothesis|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General
N - Economic History > N0 - General > N00 - General
|Depositing User:||Nathan Nunn|
|Date Deposited:||15. Jul 2007|
|Last Modified:||14. Feb 2013 09:14|
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