Journal of Economic Growth

, Volume 21, Issue 4, pp 409–464 | Cite as

The economic consequences of the Spanish Reconquest: the long-term effects of Medieval conquest and colonization

Article

Abstract

This 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.

Keywords

Economic development Political power Structural inequality Spanish Reconquest History 

JEL Classification

C21 N2 O1 

Supplementary material

10887_2016_9132_MOESM1_ESM.pdf (381 kb)
Supplementary material 1 (pdf 381 KB)

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Copyright information

© Springer Science+Business Media New York 2016

Authors and Affiliations

  1. 1.School of Management, Centre for Responsible Banking & FinanceUniversity of St AndrewsSt AndrewsUK
  2. 2.Departamento de Economía, Métodos Cuantitativos e Historia EconómicaUniversidad Pablo de OlavideSevillaSpain

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