Chanda, Areendam; Cook, C. Justin; Putterman, Louis - In: American Economic Journal: Macroeconomics 6 (2014) 3, pp. 1-28
Using data on place of origin of today's country populations and the indicators of level of development in 1500 used by Acemoglu, Johnson, and Robinson (2002), we confirm a reversal of fortune for colonized countries as territories, but find persistence of fortune for people and their...
