What Made Great Britain so Great? From the Fiscal-Military State to the First Industrial Revolution

Jordan Roulleau-Pasdeloup

Cahiers de Recherches Economiques du Département d'économie from Université de Lausanne, Faculté des HEC, Département d’économie

Abstract: Recent research in economic history casts doubts on the role played by good economic institutions in Great Britain after the 1688 Glorious Revolution. What undoubtedly emerged from the latter is a strong Fiscal-Military state under the influence of a Parliament dominated by Whigs. After presenting related empirical evidence, I develop a parsimonious model to understand how the influence of a strong military apparel on international trade can foster the implementation of more productive technologies. When this is the case, development by one country can foster de-industrialization for its trading partners, as has been the case historically in India during the 19th century.

Keywords: Industrial Revolution; Productivity; Conflict; Imperialism (search for similar items in EconPapers)
JEL-codes: F51 F54 N13 O14 O41 (search for similar items in EconPapers)
Pages: 26 pp.
Date: 2016-02
New Economics Papers: this item is included in nep-gro, nep-his and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:lau:crdeep:16.02

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