Comparative European Institutions and the Little Divergence, 1385-1800

Arbeitspapier

Why did the countries which first benefitted from access to the New World - Castile and Portugal - decline relative to their followers, especially England and the Netherlands? The dominant narrative is that worse initial institutions at the time of the opening of Atlantic trade explain Iberian divergence. In this paper, we build a new dataset which allows for a comparison of institutional quality over time. We consider the frequency and nature of parliamentary meetings, the frequency and intensity of extraordinary taxation and coin debasement, and real interest spreads for public debt. We find no evidence that the political institutions of Iberia were worse until at least the English Civil War.

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• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: EHES Working Paper ; No. 171

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Europe: Pre-1913 ; Economic History: Financial Markets and Institutions: Europe: Pre-1913 ; Economic Development: General ; Capitalist Systems: Property Rights ; Capitalist Systems: Political Economy
• Thema: Atlantic Traders ; New Institutional Economics ; The Little Divergence

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Henriques, António ; Palma, Nuno
• Ereignis: Veröffentlichung
• (wer): European Historical Economics Society (EHES)
• (wo): s.l.
• (wann): 2019

Weitere Informationen

• Handle: http://hdl.handle.net/10419/247101