The Bounty of the Sea and Long

The Bounty of the Sea and Long-run development
By Carl-Johan Dalgaard, University of Copenhagen
Abstract:
What is the long run impact on development from differences in subsistence
strategies during pre-industrial times? Whereas this question has been
explored from the point of view of agriculture, virtually no attention has been
paid to the complementary strategy of relying on marine resources. In the
present paper we take a step towards closing this gap in the literature. We
construct an index -- "the Bounty of the Sea index -- which captures the
potential abundance of marine fish that individual countries have had access
to, and proceed
to explore
its correlation
withofeconomic
development.
Our
Taisuke
Otsu
¦ London
School
Economics
and Political
analysis reveals that a greater Bounty of the Sea stimulated pre-industrial
development and that countries inhabited by people with ancestry in regions
with abundant marine resources are richer today. Probing possible
mechanisms, we find that societies comprising people with ancestry in
regions featuring rich marine resources differ from societies with a purely
agrarian legacy in terms of average personality traits; cultural values, and
property rights institutions.
Wednesday, 27 May 2015
1:00 - 2:00 pm
by Burkhard Heer, University of Augsburg Location
Carl-Johan Dalgaard
Ph.D (University of Copenhagen) 2002; Professor of economics (University of
Copenhagen) since 2008.
Other affiliation: Center for Economic Policy Research (CEPR, London).
Associate editor: Journal of Economic Growth and Economica. Co-Chairman
of the Danish Economic Council. Board Member of the Danish Economic
Association.
148, av. de la Faïencerie
L-1511 Luxembourg
Room BRC201
Science
Langue
English
Registration
-
-
Free seminar
Registration to crea@uni.lu
(please specify full name and
institution)
Lunch is planned for registered
participants
Contact
crea@uni.lu
Tel: +352 46 66 44 6336