Costa, Leonor Freire; Palma, Nuno; Reis, Jaime - Instituto Figuerola de Historia y Ciencias Sociales, … - 2013
Newly assembled macroeconomic statistics for early modern Portugal reveal one of Europe’s most vigorous colonial traders and at the same time one of its least successful growth records. Using an estimated model in the spirit of Allen (2009) we conclude that intercontinental trade had a...