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Did colonization matter for growth? An empirical exploration into the historical causes of Africa's underdevelopment
Bertocchi, Graziella; Canova, Fabio
Universitat Pompeu Fabra. Departament d'Economia i Empresa
We investigate the impact of 20th--century European colonizationon growth in Africa. We find that in the 1960--88 period growth has beenfaster for dependencies than for colonies; for British and Frenchcolonies than for Portuguese, Belgian and Italian ones; and for countrieswith less economic penetration during the colonial period. On average,African growth accelerates after decolonization. Proxies for colonialheritage add explanatory power to growth regressions and make indicatorsfor human capital, political and ethnic instability lose significance.Colonial variables capture the same effects of a sub--Saharan dummy andreduce its significance when jointly included in a cross sectionalregression with 98 countries.
Macroeconomics and International Economics
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