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Recent studies on African economic history have emphasized the structural impediments to African growth, such as adverse geographical conditions and extractive colonial institutions. The evidence is mainly drawn from cross-country regressions on late 20th century income levels, assuming...
Persistent link: https://www.econbiz.de/10009416092
Employing recently assembled wage and price data, this paper sketches the long-term development of real wages at the Cape of Good Hope, from its foundation in 1652 up to the unification of South Africa in 1910. The results show that real wages were consistently above subsistence level, and...
Persistent link: https://www.econbiz.de/10009275588