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Cited by 2,730

The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.

Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution

Acemoglu, D., Johnson, S., Robinson, J. A.·2002·The Quarterly Journal of Economics
DOI 10.1162/003355302320935025
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Abstract

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 weighs against a view that links economic development to geographic factors. Instead, we argue that the reversal reflects changes in the institutions resulting from European colonialism. The European intervention appears to have created an “institutional reversal” among these societies, meaning 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 late eighteenth and early nineteenth centuries, and resulted from societies with good institutions taking advantage of the opportunity to industrialize.

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Metadata

Authors
Acemoglu, D., Johnson, S., & Robinson, J. A.
Venue
The Quarterly Journal of Economics
Publisher
Oxford University Press (OUP)
Published
2002-11-01
Volume
117
Issue
4
Pages
1231-1294
ISSN
  • 0033-5533 (ISSN-L)
  • 1531-4650
DOI
10.1162/003355302320935025
OpenAlex
W3125412951
Cited by
2,730
References
4
FWCI
157.86
Type
journal article
Language
en
Open access
closed

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