We develop a Bayesian test for structural change at an unknown changepoint in Markov-switching models. Unlike the usual Bayesian treatment of the unknown changepoint problem in the literature, we cast the problem into a `model selection' framework. This is done by adopting a prior for the shift...

Acknowledgements -- Introduction -- The agro-industrial roots of the US capitalist transition through state capacity building : 1830-1870 -- The end of slavery and southern agricultural class structure -- Farmer organizations : the rise and fall of populism -- State institutional capacity...