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Black man's burden, white man's welfare: control, devolution and development in the British Empire, 1880–1914

Accominotti, Olivier and Flandreau, Marc and Rezzik, Riad and Zumer, Frederic (2010) Black man's burden, white man's welfare: control, devolution and development in the British Empire, 1880–1914. European Review of Economic History, 14 (01). pp. 47-70. ISSN 1361-4916

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Identification Number: 10.1017/S1361491609990025

Abstract

This article organizes an economic analysis of the effects of colonial rule on capital market access and development. Our insights provide an interpretation of institutional variance and growth performance across British colonies. We emphasize the degree of coercion available to British authorities in explaining alternative set-ups. White colonies, with a credible exit option, managed to secure a better deal than those where non-whites predominated, for which we find evidence of welfare losses.

Item Type: Article
Official URL: http://journals.cambridge.org/action/displayJourna...
Additional Information: © 2009 European Historical Economics Society
Subjects: H Social Sciences > HC Economic History and Conditions
J Political Science > JV Colonies and colonization. Emigration and immigration. International migration
JEL classification: N - Economic History > N2 - Financial Markets and Institutions
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O16 - Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
P - Economic Systems > P5 - Comparative Economic Systems > P52 - Comparative Studies of Particular Economies
Sets: Departments > Economic History
Collections > Economists Online
Date Deposited: 20 Jun 2011 08:32
Last Modified: 20 Jun 2011 08:32
URI: http://eprints.lse.ac.uk/id/eprint/36844

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