GeoPopulation-Institution Hypothesis: Reconciling American Development Process and Reversal of Fortune within a Unified Growth Framework
Chi Pui Ho
MPRA Paper from University Library of Munich, Germany
Abstract:
We develop a unified growth theory for the Western Hemisphere during the colonization era. We posit a unified growth model with transatlantic migration and slavery trade to reconcile development in the Thirteen Colonies/United States during AD1700-AD1860. Then we apply the model across American regions/countries, and propose the GeoPopulation-Institution hypothesis to explain divergence: whenever its geographic or political environments relatively favored the buildup of Black slaves (or non-White forced labor), through slavery institution that disincentivized the Blacks to make improvements, a region/country was likely to suffer a reversal of fortune. Geography, population and institution are inseparable in understanding American economic history.
Keywords: GeoPopulation-Institution Hypothesis; American Economic History; Reversal of fortune; Unified Growth Theory; Transatlantic Migration and Slavery Trade (search for similar items in EconPapers)
JEL-codes: E10 N10 O5 (search for similar items in EconPapers)
Date: 2016-09-04
New Economics Papers: this item is included in nep-gro, nep-his and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:73863
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