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Trade liberalization and political separatism go hand in hand. In a world of trade restrictions, large countries enjoy … economic benefits because political boundaries determine the size of the market. In a world of free trade and global markets … trade. The second is that the history of Nation-State creations and secessions is influenced by the trade regime …
Persistent link: https://www.econbiz.de/10012472651
determining a region's propensity to secede. Removing identity differences reduces the average support for secession from 7.5% to …
Persistent link: https://www.econbiz.de/10013388783
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
Why did the most prosperous colonies in the British Empire mount a rebellion? Even more puzzling, why didn't the British agree to have American representation in Parliament and quickly settle the dispute peacefully? At first glance, it would appear that a deal could have been reached to share...
Persistent link: https://www.econbiz.de/10012455956
Maryland's non-legal-tender paper money emissions between 1765 and 1775 are reconstructed to determine the quantities outstanding and their redemption dates, providing a substantial correction to the literature. Over 80 percent of this paper money's current market value was expected real asset...
Persistent link: https://www.econbiz.de/10012458141
Abraham Lincoln's election produced Southern secession, Civil War, and abolition. Using a new database of slave sales … invade to oppose secession, and that emancipation of slaves without compensation was unlikely, both of which were …
Persistent link: https://www.econbiz.de/10012459036
We analyze how secession movements unfold and the interdependence of regions' decisions to secede. We first model and … then empirically examine how secessions can occur sequentially because the costs of secession decrease with the number of … these "domino secessions" using the canonical case of the secession of southern U.S. states in the 1860s. We establish that …
Persistent link: https://www.econbiz.de/10014337822
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