Progress and Poverty in Early Modern Europe
Robert C. Allen
University of Oxford - Department of Economics
NHH - Norwegian School of Economics; Centre for Economic Policy Research (CEPR)
Economic History Review, Vol. 56, pp. 403-443, August 2003
An econometric model of economic development is estimated with data from leading European countries between 1300 and 1800. The model explores the impact of population, enclosure, empire, representative government, technology, and literacy on urbanization, agricultural productivity, proto-industry, and the real wage. Simulations show that the main factors leading to economic success in north-western Europe were the growth of American and Asian commerce and, especially, the innovations underlying the export of the new draperies in the sixteenth and seventeenth centuries. The enclosure of the open fields, representative government, and the spread of literacy did not play major roles.
Number of Pages in PDF File: 41
Date posted: April 15, 2004