NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Flowers of Evil? Industrial Development and Long-Run Prosperity

Raphaël Franck, Oded Galor

NBER Working Paper No. 23701
Issued in August 2017, Revised in July 2018

---- Acknowledgments ----

The authors are grateful to Daron Acemoglu, Philippe Aghion, Josh Angrist, Emily Blanchard, Francesco Caselli, Martin Fiszbein, Marc Klemp, Tommaso Porzio, Jesse Shapiro, Eve Sihra Colson, Uwe Sunde and David Weil for helpful discussions and participants in seminars and conferences at Ben Gurion University, Brown, Clemson, Haifa, Hebrew University, MIT, UC Merced, the Israel Economic Association, the NBER Meeting of Macroeconomics Across Time and Space, May 2018, and the NBER SI Economic Growth Meeting, July 2018, for useful comments. We thank Guillaume Daudin, Alan Fernihough and Ömer Özak for sharing their data with us. Raphaël Franck wrote part of this paper as Marie Curie Fellow at the Department of Economics at Brown University under funding from the People Programme (Marie Curie Actions) of the European Union's Seventh Framework Programme (FP 2007-2013) under REA Grant agreement PIOF-GA-2012- 327760 (TCDOFT). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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