The Reversal of Fortune Thesis Reconsidered
Acemoglu, Johnson, and Robinson have claimed that the world income distribution underwent a 'Reversal of Fortune' from 1500 to the present, whereby formerly rich countries in what is now the developing world became poor while poor ones grew rich. We question their analysis with regard to b...
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| Veröffentlicht in: | The Journal of development studies 2012-07, Vol.48 (7), p.817-831 |
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| container_title | The Journal of development studies |
| container_volume | 48 |
| creator | Bandyopadhyay, Sanghamitra Green, Elliott |
| description | Acemoglu, Johnson, and Robinson have claimed that the world income distribution underwent a 'Reversal of Fortune' from 1500 to the present, whereby formerly rich countries in what is now the developing world became poor while poor ones grew rich. We question their analysis with regard to both of their proxies for pre-modern income, namely urbanisation and population density. More specifically, an alternative measure of urbanisation with more observations generates a positive (but not significant) correlation between pre-modern and contemporary income, while a better measure of population density on arable land no longer produces a robust relationship. |
| doi_str_mv | 10.1080/00220388.2011.648621 |
| format | Article |
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| ispartof | The Journal of development studies, 2012-07, Vol.48 (7), p.817-831 |
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| language | eng |
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| source | Business Source Complete; Sociological Abstracts |
| subjects | Antiquity Correlation Correlation analysis Developing countries Income Income Distribution Low Income Groups Observation Poor Population Density Urbanization |
| title | The Reversal of Fortune Thesis Reconsidered |
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