“A Whirligig of Revolutionary Presidents”: state capacity, political stability, and business in Haiti, 1905–1927

Craig Palsson

European Review of Economic History, 2024, vol. 28, issue 3, 375-398

Abstract: Political instability in developing countries can be detrimental to the business environment. I examine how a sudden end to instability affected businesses in Haiti from 1905 to 1927. In 1915, after a tumultuous 4 years that saw seven different men serve as president, US Marines landed in Haiti and ended the conflict. Using new data on foreign-owned businesses operating in Haiti, I show that the number of foreign businesses increased rapidly after the end of instability. I present evidence that the businesses responded to lower uncertainty and increased trust in who held the executive power.

Date: 2024
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