This paper quantifies the economic impact of geography features using Colombian data at the municipal level. We use the proportion of slave population in 1835 as an instrument of current institutions. We find that, controlling for institutional quality, geographical characteristics, such as the...

This paper quantifies the economic impact of geographical features using Colombian data at the municipal level. We use the proportion of slave population in 1835 as an instrument of current institutions. We find that, controlling for institutional quality, geographical characteristics, such as...