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dc.contributor.authorOto Peralias, Daniel
dc.contributor.authorRomero-Ávila, Diego
dc.identifier.citationOto 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 .
dc.identifier.otherPURE: 241999785
dc.identifier.otherPURE UUID: aad37ae0-070d-4fa5-a089-2d4bb6c92413
dc.identifier.otherScopus: 84968661782
dc.identifier.otherWOS: 000387409300003
dc.descriptionThe 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).en
dc.description.abstractThis 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.
dc.relation.ispartofJournal of Economic Growthen
dc.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 /
dc.subjectEconomic developmenten
dc.subjectPolitical poweren
dc.subjectStructural inequalityen
dc.subjectSpanish Reconquesten
dc.subjectDP Spainen
dc.subjectHC Economic History and Conditionsen
dc.subjectJN Political institutions (Europe)en
dc.titleThe economic consequences of the Spanish Reconquest : the long-term effects of medieval conquest and colonizationen
dc.typeJournal articleen
dc.contributor.institutionUniversity of St Andrews.School of Managementen
dc.contributor.institutionUniversity of St Andrews.Centre for Responsible Banking and Financeen
dc.description.statusPeer revieweden

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