20.500.12556/RUL-128503 Bono malum superate long-run effects of radical institutional change We examine the effect radical institutional change on long-run growth through the case of the partition of Friuli Venezia Giulia in 1947 between Italy and Yugoslavia and the subsequent integration in two distinct institutional regimes. Friuli Venezia Giulia's long-run development trajectory is matched through a novel dataset with other countries on pre-1947 growth and development characteristics, producing a plausibly exogenous source of variation in the absence of the unification. By using the long- run growth and development paths of other countries for the period 1871-2016, we construct a plausible counterfactual scenario, showing pervasive and substantial long-run growth benefits of Italian unification. In the absence of unification, Friuli Venezia Giulia's per capita income would be 41 percent lower and Yugoslav-controlled Littoral would have 32 percent higher per capita income if it had joined Italy. A battery of large- sample placebo distributions and permutation tests confirm the significance of the 1947 border partition for long-run economic growth. long-run development institutional change synthetic control method Italy true false true Angleški jezik Angleški jezik Članek v reviji 2021-07-15 15:09:16 2021-07-15 15:16:15 2022-09-07 04:15:35 0000-00-00 00:00:00 2021 0 0 20 str. art. 100008 Vol. 2 Summer 2021 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 321 2667-3193 10.1016/j.jge.2021.100008 69518851 RAZ_Asta_Federico_2021.pdf RAZ_Asta_Federico_2021.pdf 1 00A7CA1441A175E0D67DB9D96742E768 6e4a8de97b836baa53e79f65da0dca2c14c34230766b5f68f466917ee3ce306c 59fd1cfe-e56e-11eb-a523-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=145258 https://www.sciencedirect.com/science/article/pii/S2667319321000082?via%3Dihub 0 5ede5868-e56e-11eb-a523-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=145259 Ekonomska fakulteta 0 0 0