2009
DOI: 10.3386/w14899
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The Importance of History for Economic Development

Abstract: This article provides a survey of a growing body of empirical evidence that points towards the important long-term effects that historic events can have on current economic development. The most recent studies, using micro-level data and more sophisticated identification techniques, have moved beyond testing whether history matters, and attempt to identify exactly why history matters. The most commonly examined channels include: institutions, culture, knowledge and technology, and movements between multiple eq… Show more

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Cited by 93 publications
(94 citation statements)
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“…1.1. Why History Matters: Some Theory, with Reference to Related Literature A growing literature investigates the different mechanisms leading to the fact that history often has long-term repercussions for economic development (Nunn, 2009(Nunn, , 2014Spolaore and Wacziarg, 2013 for reviews). First, historical circumstances and events can shape the state and evolution of formal institutions that survive and affect economic interactions and outcomes today (North, 1990).…”
Section: Theoretical and Historical Backgroundmentioning
confidence: 99%
“…1.1. Why History Matters: Some Theory, with Reference to Related Literature A growing literature investigates the different mechanisms leading to the fact that history often has long-term repercussions for economic development (Nunn, 2009(Nunn, , 2014Spolaore and Wacziarg, 2013 for reviews). First, historical circumstances and events can shape the state and evolution of formal institutions that survive and affect economic interactions and outcomes today (North, 1990).…”
Section: Theoretical and Historical Backgroundmentioning
confidence: 99%
“…A literature has emerged, which has linked the euro crisis to cultural differences across euro member countries (Guiso, Herrera, and Morelli 2016), and which has tried to define optimal arrangements for European institutions when member states are heterogeneous (Boffa, Piolatto, and Ponzetto 2016). We link this with another recent literature, which emphasizes that individual experiences (Ehrmann and Tzamourani 2012;Giuliano and Spilimbergo 2014;Malmendier and Nagel 2011) and even events that happened hundreds of years ago Zingales 2006, 2016;Nunn 2009;Voigtländer and Voth 2012) shape economic views and preferences. One important cultural determinant of economic outcomes is religion (Barro and McCleary 2005;Guiso, Sapienza, and Zingales 2003;Iannaccone and Berman 2008;Renneboog and Spaenjers 2012).…”
Section: Literaturementioning
confidence: 89%
“…Intergenerational transmission of culture makes history, often remote, including colonization, violence, slave trade, migration and other historic landmarks, relevant to contemporary attitudes and behaviour (see, e.g. Grosfeld et al, 2013;Nunn, 2009). Civic culture or lack thereof is an important part of such legacies.…”
Section: Culture As Legacymentioning
confidence: 99%