Lecture 15

Lecture 15

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Unformatted text preview: rce: Gavin Wright (1999) “The Civil Rights Movement as Economic History,” Journal of Economic History, 59, 267-289. Source: Gavin Wright (1999) “The Civil Rights Movement as Economic History,” Journal of Economic History, 59, 267-289. Migration and Mechanization Black migration made the old labor intensive and repressive economy less and less feasible as did the mounting collective action of the civil rights movement. At the same time mechanization made it less necessary. Apart from these structural changes there is little doubt that policy interventions made a di¤erence in undermining the instruments which had maintained the economic and political status quo. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and2, 2008 November Historical Analysis 13 / 18 The Voting Rights Act Timothy Besley, Torsten Persson and Daniel Strum (see Besley’ web s page at the LSE) in their paper “Political Competition and Economic Performance: Theory and Evidence from the United States” argue that we can think of the voting rights act of 1965 as a source of variation in political competition to investigate the impact of this on growth. They measure political competition in the following way: Let dst be the vote share of the Democrats in state s at time t . They use data for elections for U.S. representatives, over the governorship, Lieutenant Governor, Secretary of State, Attorney General etc. Then they measure political competition as jdst 0.5j. Before 1965 the South had been a monopoly of the Democratic Party. In their story, the increase in political competition stemmed from the newly enfranchised black voters voting for the Republicans. This increase in political competition led to the adoption of more “pro-business” legislation in the South (anti-union laws) which boosted growth. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and2, 2008 November Historical Analysis 14 / 18 Source: Timothy Besley, Torsten Persson and Daniel Strum (2007) “Political Competition and Economic Performance: Theory and Evidence from the United States” Source: Timothy Besley, Torsten Persson and Daniel Strum (2007) “Political Competition and Economic Performance: Theory and Evidence from the United States” Source: Timothy Besley, Torsten Persson and Daniel Strum (2007) “Political Competition and Economic Performance: Theory and Evidence from the United States” Mechanisms of Growth The positive c...
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