“…The second specification, reported in column (2), adds the natural log of average distance to an ice-free coast, the natural log of one plus the fraction of land that is within 100 km of an ice-free coast and region indicators for north, west, east, south and central Africa, all interacted with time fixed effects to account for differential trends in European contact. In our preferred specification, reported in column (3), we add the natural logs of two key determinants of climate, distance to the equator and elevation, interacted with time fixed effects to account for the possibility 32 It is important to note that the results reported by Fenske and Kala (2015) and Boxell (2018) suggests that our estimates would be downward biased, at least for slave exports. For example, Boxell (2018) finds that increased rainfall is associated with reductions in slave exports.…”