Economic Development in the Americas Since 1500: Endowments and InstitutionsThis book brings together a number of previously published articles by Stanley L. Engerman and Kenneth L. Sokoloff. Its essays deal with differences in the rates of economic growth in Latin American and mainland North America, specifically the United States and Canada. It demonstrates how relative differences in growth over time are related to differences in the institutions that developed in different economies. This variation is driven by differences in major institutions - suffrage, education, tax policy, land and immigration policy, and banking and financial organizations. These factors, in turn, are all related to differences in endowments, climate, and natural resources. Providing a comprehensive treatment of its topic, the essays have been revised to reflect new developments and research. |
Contents
Introduction | 1 |
An Overview | 9 |
2 Factor Endowments and Institutions with Stephen Haber | 31 |
3 The Role of Institutions in Shaping Factor Endowments | 57 |
4 The Evolution of Suffrage Institutions | 94 |
5 The Evolution of Schooling 18001925 with Elisa V Mariscal | 121 |
6 Inequality and the Evolution of Taxation Sokoloff with Eric M Zolt | 168 |
7 Land and Immigration Policies | 212 |
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Acemoglu areas Argentina Banco bankers banking system Barbados branch banking Brazil Cambridge University Press Canada capita income Caribbean central charter Chicago Chile Colombia Costa Rica crops Daron Acemoglu Democracy discussion distribution early Economic Development economic growth Economic History elites Engerman established estimates European evolution extent of inequality extreme inequality factor endowments finance franchise Haber human capital immigration impact important increased Industrial investment Journal of Economic labor labor scarcity land policy Latin America Latin American countries laws levels literacy rates major markets ment Mexico migrants national government Native nineteenth century nomic North patterns percent Peru political power population population density primary schools production property taxes public schools regions relative requirements restrictions role Schooling ratios settlement slavery slaves social societies Sokoloff sources South Spain Spanish America structures suffrage sugar Table tax revenues taxation tion twentieth century U.S. South United Uruguay wealth World economies York