Commercial Revolutions, Search, and Development

Maurizio Iacopetta ()

No 1394, 2016 Meeting Papers from Society for Economic Dynamics

Abstract: A society can reap more benefits generated by an improvement in communication and transportation when the gap between privileged and less-privileged individuals is small. This hypothesis is investigated in a Kiyotaki-Wright search environment where people enjoy different rental positions. Historical evidence about the rise of Italian seaport cities during the Middle Ages, of the Netherlands in the 17th century, and about the French nobility's resistance to trade during the pre-revolutionary period is used to support the hypothesis.

Date: 2016
New Economics Papers: this item is included in nep-dge and nep-his
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