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We explore the impact of British colonial institutions on the economic development of India. In some regions, the …
Persistent link: https://www.econbiz.de/10012466048
India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19 … some decline, and India underwent secular de-industrialization as a consequence. While India produced about 25 percent of … organize our thinking about the relative role played by domestic and foreign forces in India's de-industrialization. The …
Persistent link: https://www.econbiz.de/10012468107
Asia. This paper attempts to provide an economic explanation for this remarkable ending to the era of colonialism. The main …
Persistent link: https://www.econbiz.de/10012474457
Recent work emphasizes the primacy of differences in countries' colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination. Both...
Persistent link: https://www.econbiz.de/10012464043
Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...
Persistent link: https://www.econbiz.de/10012469587
extralegal appropriation, that determine the profitability of colonialism. The analysis suggests why historically some countries …
Persistent link: https://www.econbiz.de/10012474530
Beginning in 1712, North Carolina's assembly emitted its own paper money and maintained some amount of paper money in public circulation for the rest of the colonial period. Yet, data on colonial North Carolina's paper money regime in the current literature are thin and often erroneous. We...
Persistent link: https://www.econbiz.de/10012480911
This paper examines the economics of large scale institutional change by studying the adoption of the land demarcation practices within the British Empire during the 17th through 19th Centuries. The advantages of systematic, coordinated demarcation, such as with the rectangular survey, relative...
Persistent link: https://www.econbiz.de/10012462831
For two decades, the consensus explanation of the British Industrial Revolution has placed technological change and the supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations have placed an emphasis on the importance of trade...
Persistent link: https://www.econbiz.de/10012464570
New data now allow conjectures on the levels of real and nominal incomes in the thirteen American colonies. New England was the poorest region, and the South was the richest. Colonial per capita incomes rose only very slowly, and slowly for five reasons: productivity growth was slow; population...
Persistent link: https://www.econbiz.de/10012458804