Economic consequences of state failure; legal capacity, regulatory activity, and market integration in Poland, 1505-1772

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With use of innovative proxies and new annual data, I demonstrate that relatively high legal capacity and regulatory activity of the early-modern Polish parliament, the Seym, was positively associated with deeper domestic commodity market integration. Conversely, the lack of effective law-making, caused by the right of a single delegate to discontinue the Seym's sessions, fostered market fragmentation. This indicates that early parliamentary regimes required legal capacity to harmonize domestic institutions and reduce the transaction costs. The Polish case suggests a hypothesis that the pre-1800 "Little Divergence" between European parliamentary regimes could be explained by differences in their governments' capacities.


Enheter & grupper
Externa organisationer
  • Humboldt University of Berlin
  • Utrecht University

Ämnesklassifikation (UKÄ) – OBLIGATORISK

  • Ekonomisk historia
Sidor (från-till)862-896
TidskriftJournal of Economic History
Utgåva nummer3
Tidigt onlinedatum2019
StatusPublished - 2019
Peer review utfördJa