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It’s time for Westernization: the advantages of the early start for long-term economic development at the local level

Kampanelis, Sotiris 2019. It’s time for Westernization: the advantages of the early start for long-term economic development at the local level. Oxford Economic Papers 71 (4) , pp. 996-1025. 10.1093/oep/gpy064

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Abstract

This article examines the ‘early start’ hypothesis at the local level in the context of Australian colonization. It is found that the longer a place experiences economic activity under European management, the higher the level of economic development it achieves in the long-run. A theoretical framework is proposed under which a set of dynamic forces work in aggregate and enhance urban economic development. Results from several robustness checks that account for an array of possible biases validate the initial findings. Overall, the nature of Australian colonization reflects a relatively random variation in the duration of the Western presence at the local level, causing uneven urban development.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Publisher: Oxford University Press
ISSN: 0030-7653
Date of First Compliant Deposit: 26 January 2020
Last Modified: 10 Oct 2021 06:34
URI: http://orca.cardiff.ac.uk/id/eprint/129011

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