1. Department of Economics and Economic History, University of Seville, Ramon y Cajal 1, Seville 4018, Spain (e-mail: )
2. Department of Economics and Business, Universitat Pompeu Fabra, Ramon Trias Fargas, 25-27, Barcelona, 08005, Spain, and Barcelona GSE (e-mail: )
3. School of Business and Management, Queen Mary, University of London, Francis Bancroft Building, Mile End Road, London E1 4NS (e-mail: )