Invitación Seminario Historia Empresarial y Económica, Asociación Colombiana de Historia Económica

Grupo de Historia y Empresariado y Asociación Colombiana de Historia Económica

Seminario Historia Empresarial y Económica
Viernes 12 de junio 2015 12:30-2:00
Universidad de los Andes, Salón SD-703

Antonella Fazio & Fabio Sánchez, Universidad de los Andes y Concejo de Bogotá

Institutions, Land Concentration and Human Capital Accumulation in Cundinamarca


This paper challenges Engerman and Sokoloff’s hypothesis on the perverse effect of land concentration. Using literacy rates as dependent variable, this research shows for the case of Cundinamarca that land concentration may lead to good or bad outcomes in human capital accumulation depending on the institutional context, as stressed by Robinson and Torvik (2011). Through an econometric approach we found that for the case of Cundinamarca, Engerman and Sokoloff´s hypothesis does not hold. In fact, we found that in those municipalities with weak institutions (proximity to public land allocation 19th century) and high land concentration literacy rates were lower in the 20th century. Nevertheless, no significant results on human capital accumulation are found in municipalities with strong institutions (proximity to Encomienda institution) and high land inequality.