Heblich, Stephan; Redding, Stephen; Voth, Hans-Joachim - National Bureau of Economic Research - 2022
, slavery wealth is strongly correlated with economic development - slave-holding areas are less agricultural, closer to cotton … mills, and have higher property wealth. We rationalize these findings using a dynamic spatial model, where slavery …, we use arguably exogenous variation in slave mortality on the passage from Africa to the Indies, driven by weather shocks …