Is Constitutional Monarchy Good for Economic Growth?
10 Pages Posted: 5 May 2021
Date Written: April 30, 2021
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: Suggested Citation