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Profits du commerce intercontinental et croissance dans la France du xviiie siècle

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  • Guillaume Daudin

Abstract

This paper studies the role of French intercontinental trade in the accumulation of domestic capital at the end of the Ancien Régime. It uses O?Brien?s method to measure the amount of annual profits generated by this sector. The marginal gain linked to the existence of the sector is then computed by estimating what would have been the return of the resources the sector was using if they had been invested domestically instead. Finally, the paper uses the notion of ?hearth of growth? to argue that profits from intercontinental trade were more important for the French economy than what their size suggests. Classification JEL : F23, N13, N73, O41

Suggested Citation

  • Guillaume Daudin, 2006. "Profits du commerce intercontinental et croissance dans la France du xviiie siècle," Revue économique, Presses de Sciences-Po, vol. 57(3), pages 605-613.
    • Handle: RePEc:cai:recosp:reco_573_0605
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    References listed on IDEAS

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    2. Mark Stelzner & Sven Beckert, 2024. "The contribution of enslaved workers to output and growth in the antebellum United States," Economic History Review, Economic History Society, vol. 77(1), pages 137-159, February.

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    More about this item

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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