![]() ![]() Another example is Wahl ( 2017) who argues that the persistence of Roman roads explains part of the development advantage of the formerly Roman parts of Germany. the series of conquests that led to the fall of the last Islamic state in Spain in the 15th century, explains differences in Spanish regional economic development today. For instance, Oto-Peralías and Romero-Ávila ( 2016) show how the Reconquista, i.e. ![]() The long-run persistence of such historical episodes has been the focus of a new strand of literature in economics. Today’s countries emerged from hundreds of years of conquests, alliances, and downfalls of empires. The greatest expansions of world trade have tended to come not from the bloodless tâtonnement of some fictional Walrasian auctioneer but from the barrel of a Maxim gun, the edge of a scimitar, or the ferocity of nomadic horsemen.įindlay and O’Rourke in Power and Plenty (2007) ![]()
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