Probably also signicant in establishing the

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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 ll Brenner and Postan and others and for interpretations of whether or not commercialization must have been good for institutional development. 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 45 40 35 30 25 20 15 10 5 0 1000 1100 1200 1300 1400 1500 1600 1700 1750 1800 1850 China Italy England Japan France Netherlands India Russia Constraints on the Executive Historically 7 6 5 4 3 2 1 0 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

Ask a homework question - tutors are online