Historical Development


Nunn N. Historical Development. In: Aghion P, Durlauf S Handbook of Economic Growth. Vol. 2. North-Holland ; 2014. pp. 347-402.
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This chapter surveys a growing body of evidence showing the impacts that historical events can have on current economic development. Over the past two decades historical persistence has been documented in a wide variety of time periods and locations, and over remarkably long time horizons. Although progress continues to be made identifying and understanding underlying mechanisms, the existing evidence suggests that cultural traits and formal institutions are both key in understanding historical persistence.

Last updated on 04/16/2016