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The economic consequences of the Spanish Reconquest : the long-term effects of medieval conquest and colonization

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SPANISH_RECONQUEST.pdf (1.199Mb)
Date
12/2016
Author
Oto Peralias, Daniel
Romero-Ávila, Diego
Keywords
Economic development
Political power
Structural inequality
Spanish Reconquest
History
DP Spain
HC Economic History and Conditions
JN Political institutions (Europe)
BDC
R2C
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Abstract
This paper shows that a historical process that ended more than five centuries ago, the Reconquest, is very important to explain Spanish regional economic development down to the present day. An indicator measuring the rate of Reconquest reveals a heavily negative effect on current income differences across the Spanish provinces. A main intervening factor in the impact the Reconquest has had is the concentration of economic and political power in a few hands, excluding large segments of the population from access to economic opportunities when Spain entered the industrialization phase. The timing of the effect is consistent with this argument. A general implication of our analysis is that large frontier expansions may favor a political equilibrium among the colonizing agents that is biased toward the elite, creating the conditions for an inegalitarian society, with negative consequences for long-term economic development.
Citation
Oto Peralias , D & Romero-Ávila , D 2016 , ' The economic consequences of the Spanish Reconquest : the long-term effects of medieval conquest and colonization ' , Journal of Economic Growth , vol. 21 , no. 4 , pp. 409–464 . https://doi.org/10.1007/s10887-016-9132-9
Publication
Journal of Economic Growth
Status
Peer reviewed
DOI
https://doi.org/10.1007/s10887-016-9132-9
ISSN
1381-4338
Type
Journal article
Rights
© XXXX, Publisher / the Author(s). This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at www.XXXX.xxx / https://dx.doi.org/xxxx
Description
The authors acknowledge financial support from the Spanish Ministry of Science and Technology (grant ECO2009-13357), the Spanish Ministry of Economics and Competitiveness (grant ECO2012-35430), and the Andalusian Council for Innovation and Science (Excellence Project SEJ-4546).
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  • University of St Andrews Research
URI
http://hdl.handle.net/10023/10769

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