The main reason it is difficult to produce empirical evidence on the process of institutional change is that the social and economic framework of institutional interactions evolves over an extended period of time: institutions produce economic incentives, which through historical-cultural experiences in turn influence the form of the institutions themselves. Although historical documentation provides information on institutions, which of the disparate conclusions drawn by historical observers is most accurate in light of modern economic analysis cannot be determined without a comparative context. Records from the Qing Dynasty (1644 to 1911) offer a rare opportunity to analyze the relationship between market development and institutional change because they provide a substantial amount of detailed information on institutions as well as empirical data, for an extended time period and over a significant geographic area.
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Volume (Year): 60 (2000) Issue (Month): 02 (June) Pages: 511-515 Download reference. The following formats are available: HTML
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