Commercial revolutions, search, and development

Maurizion Iacopetta
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Maurizion Iacopetta: OFCE Sciences Po and Skema BusinesSchool

No 2016-08, Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE)

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

Keywords: Privileges; resistence to trade; speculative strategies (search for similar items in EconPapers)
JEL-codes: C61 C63 D63 N13 O11 (search for similar items in EconPapers)
Date: 2016-03
New Economics Papers: this item is included in nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:fce:doctra:1608

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