Havrylyshyn, Oleh; Srzentic, Nora - In: Comparative Economic Studies 55 (2013) 2, pp. 201-231
Using data for proxying economic activity, we confirm historical consensus that the medieval Republic of Ragusa (now Dubrovnik) was a prosperous small open economy, rivaling bigger competitors like Venice. More tentatively, we test a number of hypotheses on the determinants of success, finding...