We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on economic performance. Our argument is that Europeans adopted very different colonization policies in different colonies, with different associated institutions. The choice of...

That investment in human capital has made an important contribution to the increase of labor productivity and per capita income during the last several centuries is widely acknowledged. While much of the research on this issue has focused on education, many scholars have also directed attention...

Beginning in 1712, North Carolina's assembly emitted its own paper money and maintained some amount of paper money in public circulation for the rest of the colonial period. Yet, data on colonial North Carolina's paper money regime in the current literature are thin and often erroneous. We...

As Africa's role on the global stage is rising, so does the need to understand the shadow of history on the continent's economy and polity. We discuss recent works that shed light on Africa's colonial and precolonial legacies. The emerging corpus is remarkably interdisciplinary. Archives,...

This paper describes broad regional and temporal trends in the evolution of international trade and international factor flows between 1700 and 1870, including key differences in trade costs across space and time. We find trade links in Western Europe and the European colonies of North America...