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This paper tests for speculative bubbles in the medieval English property market based on a unique hand-collected dataset from the feet of fines spanning the fourteenth and fifteenth centuries. We focus on asset types where there are sufficiently large numbers of transactions each year to make a...
Persistent link: https://www.econbiz.de/10012923655
This paper utilises a dataset of freehold land and property transactions from medieval England to highlight the growing commercialisation of the economy. By drawing on the legal records we are able to demonstrate that the medieval real estate market provided the opportunity for investors to...
Persistent link: https://www.econbiz.de/10012925884
This paper re-examines the late medieval market in freehold land, the extent to which it was governed by market forces as opposed to political or social constraints, and how this contributed to the commercialisation of the late medieval English economy. We employ a valuable new resource for...
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The economic consequences of French conquest and rule in Italy remain unclear. Recent GDP estimates suggest that the …-run economic and social costs of French rule in Italy outweighed any economic gains. By improving the underlying institutional … Italy after the political unification of the peninsula in 1861 …
Persistent link: https://www.econbiz.de/10012852206
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We develop a parsimonious finance and endogenous growth model with microeconomic frictions in entrepreneurship and a role for credit constraints. We demonstrate that though an efficiency-growth relation will always exist, the efficiency-depth-growth relation may not. This has implications for...
Persistent link: https://www.econbiz.de/10014225491