Profits du commerce intercontinental et croissance dans la France du XVIIIe siècle

Guillaume Daudin

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Abstract: This paper studies the role of French intercontinental trade in the accumulation of domestic capital at the end of the Ancien Régime. It uses O'Brien's method to measure the amount of annual profits generated by this sector. The marginal gain linked to the existence of the sector is then computed by estimating what would have been the return of the resources the sector was using if they had been invested domestically instead. Finally, the paper uses the notion of "hearth of growth" to argue that profits from intercontinental trade were more important for the French economy than what their size suggests.

Keywords: Commerce intercontinental; Méthode de O’Brien; France; Profits du commerce (search for similar items in EconPapers)
Date: 2006
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Published in Revue Economique, 2006, 57 (3), pp.605 - 613. ⟨10.3917/reco.573.0605⟩

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Related works:
Journal Article: Profits du commerce intercontinental et croissance dans la France du xviiie siècle (2006)
Working Paper: Profits du commerce intercontinental et croissance dans la France du XVIIIe siècle (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03587732

DOI: 10.3917/reco.573.0605

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