This preview shows page 1. Sign up to view the full content.
Unformatted text preview: , though small compared to what happened
subsequently, Western Europe began to pull ahead economically of
the rest of the world in the early-modern period. Probably also
signi…cant in establishing the prerequisites for divergence.
Correlation between political reforms and success. Why did some
countries develop constraints on power and constitutional regimes?
Why did Spain not have a Glorious Revolution?
We tried to look at this question in our “Rise of Europe: Atlantic
Trade” (American Economic Review, 2005).
We’ see that the discussion here resonates with the debate between
Brenner and Postan and others and for interpretations of whether or
not commercialization must have been good for institutional
Close aggregate association between this growth and the expansion of
overseas trade after 1492.
James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis: L
September 30, 2009
21 / 29 Prosperity and Institutions in Early Modern Europe We used urbanization as a proxy for prosperity.
For institutions we followed the spirit of North and Weingast and
coded the variable constraints on the executive from the Polity
dataset. This measures political institutions rather than economic
institutions but the idea of North and Weingast is that stable property
rights ‡ow from particular political institutions that constraint state
predation. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis: L
September 30, 2009
22 / 29 Urbanization Historically
1000 1100 1200 1300 1400 1500 1600 1700 1750 1800 1850
Russia Constraints on the Executive Historically
1500 1600 England 1700 France Italy 1750 Netherlands 1800 Russia 1850 Spain Voyages per year: Atlantic Trade (to Americas, African coast and Asia via Cape), and Mediterranean
(W.Europe, excluding Britain and Netherlands, to Levant)
800 700 600 500
Atlantic voyages per year
400 Mediterranean voyages per year 300 200 100 0
1300 1400 1500 1600 1700 1750 1800 What Atlantic E...
View Full Document
- Fall '09