Is Constitutional Monarchy Good for Economic Growth?

10 Pages Posted: 5 May 2021

See all articles by Rok Spruk

Rok Spruk

University of Ljubljana, School of Economics and Business; University of Ljubljana, School of Economics and Business

Nuno Garoupa

George Mason University - Antonin Scalia Law School, Faculty

Date Written: April 30, 2021

Abstract

This article re-examines the relationship between constitutional monarchy and economic growth in Europe. We suggest that economic growth explains the survival of constitutional monarchy rather than vice versa. The empirical results are consistent with our hypothesis.

Keywords: constitutional monarchy, institutional change, long-run development

JEL Classification: C55, N10, O10, O47, O52

Suggested Citation

Spruk, Rok and Spruk, Rok and Garoupa, Nuno, Is Constitutional Monarchy Good for Economic Growth? (April 30, 2021). Available at SSRN: https://ssrn.com/abstract=3837245 or http://dx.doi.org/10.2139/ssrn.3837245

Rok Spruk (Contact Author)

University of Ljubljana, School of Economics and Business ( email )

Kardeljeva ploscad 17
Ljubljana, 1000
Slovenia

HOME PAGE: http://sites.google.com/site/rokspruk

University of Ljubljana, School of Economics and Business ( email )

Kardeljeva ploscad 17
Ljubljana, 1000
Slovenia

HOME PAGE: http://sites.google.com/site/rokspruk

Nuno Garoupa

George Mason University - Antonin Scalia Law School, Faculty ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States

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