Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18917
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dc.contributor.authorFalkinger, Josefen_US
dc.contributor.authorGrossmann, Volkeren_US
dc.date.accessioned2009-01-28T15:53:47Z-
dc.date.available2009-01-28T15:53:47Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18917-
dc.description.abstractThis paper argues that openness to goods trade in combination with an unequal distribution ofpolitical power has been a major determinant of the comparatively slow development ofresource- or land-abundant regions like South America and the Caribbean in the nineteenthcentury. We develop a two-sector general equilibrium model with a tax-financed publicsector, and show that in a feudal society (dominated by landed elites) productivity-enhancingpublic investments like the provision of schooling are typically lower in an open than in aclosed economy. Moreover, we find that, under openness to trade, development is faster in ademocratic system. We also endogenize the trade regime and demonstrate that, in politicalequilibrium, a land-abundant and landowner-dominated economy supports openness to trade.Finally, we discuss empirical evidence which strongly supports our basic hypotheses.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo Working Paper |x1279en_US
dc.subject.jelO10en_US
dc.subject.jelN16en_US
dc.subject.jelN10en_US
dc.subject.jelF43en_US
dc.subject.jelH50en_US
dc.subject.ddc330en_US
dc.subject.keywordeconomic developmenten_US
dc.subject.keywordinstitutionsen_US
dc.subject.keywordpolitical systemen_US
dc.subject.keywordpublic educationen_US
dc.subject.keywordtradeen_US
dc.subject.stwEntwicklungen_US
dc.subject.stwPolitik der offenen Türen_US
dc.subject.stwAußenwirtschaftspolitiken_US
dc.subject.stwPolitisches Systemen_US
dc.subject.stwTheorieen_US
dc.subject.stwWelten_US
dc.titleInstitutions and development : the interaction between trade regime and political systemen_US
dc.typeWorking Paperen_US
dc.identifier.ppn856903124en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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