Malthus to Romer: On the Colonial Origins of the Industrial Revolution

Juan Cordoba

MPRA Paper from University Library of Munich, Germany

Abstract: We propose a unified theory to explain the diverse paths of economic and institutional development of colonized and colonizers following the great discoveries at the end of the XV century. In our theory, the institutional and economic divergence between Spain and England observed during the age of colonization obeys to the same forces put forward by Engerman and Sokoloff (1997) to explain the divergence between Latin America and North America: factor endowments at the moment of the conquest.

Keywords: Malthus Stagnation; Endogenous Growth; Development (search for similar items in EconPapers)
JEL-codes: E23 J10 N10 O11 O18 O57 (search for similar items in EconPapers)
Date: 2007-08-10
New Economics Papers: this item is included in nep-dev and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:4466

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