Trading Costs , the Expansion of Trade and Economic Growth in Pre - Industrial Europe
نویسنده
چکیده
In pre-industrial Europe, growth was driven by the expansion of trade, and the expansion of trade was driven by falling trading costs. This paper discusses the mechanisms linking these processes–profit-seeking behavior by merchants, changes in the organization of production, technological progress, and urbanization. It then reviews the fluctuations in European economic growth between 1000 and 1600 and argues that these can best be understood in terms of changing trading costs. JEL Categories: F10, F43, N13, N73, O10, O31, O40, O52, R11 *This paper is a draft chapter of The Origins of Western Economic Success: Commerce, Finance, and Government in Pre-Industrial Europe. Other draft chapters may be dowloaded from http://www.dartmouth.edu/~mkohn/ **My thanks to Doug Irwin and to Yoav Kislev for helpful comments on an earlier draft.
منابع مشابه
Trading Costs and the Pattern of Trade in Pre - Industrial Europe
The development of pre-industrial Europe was driven by the expansion of trade. This paper describes the patterns of trade and shows how they can be understood in terms of differences in trading costs. It discusses how the different levels of trade–from local to transoceanic-contributed, both quantitatively and qualitatively, to the process of growth. JEL Categories: F14, F15, F43, N13, N73, O19...
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