EconPapers    
Economics at your fingertips  
 

The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth

Daron Acemoglu, Simon Johnson and James Robinson

American Economic Review, 2005, vol. 95, issue 3, 546-579

Abstract: The rise of Western Europe after 1500 is due largely to growth in countries with access to the Atlantic Ocean and with substantial trade with the New World, Africa, and Asia via the Atlantic. This trade and the associated colonialism affected Europe not only directly, but also indirectly by inducing institutional change. Where "initial" political institutions (those established before 1500) placed significant checks on the monarchy, the growth of Atlantic trade strengthened merchant groups by constraining the power of the monarchy, and helped merchants obtain changes in institutions to protect property rights. These changes were central to subsequent economic growth.

Date: 2005
Note: DOI: 10.1257/0002828054201305
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (704)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/0002828054201305 (application/pdf)
http://www.aeaweb.org/aer/data/june05_data_acemoglu.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth (2003) Downloads
Working Paper: The Rise of Europe: Atlantic Trade, Institutioanl Change and Economic Growth (2003) Downloads
Working Paper: The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth (2002) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:95:y:2005:i:3:p:546-579

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

 
Page updated 2025-03-22
Handle: RePEc:aea:aecrev:v:95:y:2005:i:3:p:546-579