Measuring institutional quality in ancient Athens
AbstractWe use the Economic Freedom Index (Gwartney, Lawson and Norton 2008) to characterise the institutions of ancient Athens in the fourth century BCE. It has been shown that ancient Greece witness improved living conditions for an extended period of time. Athens in the classical period appears to fare particularly well. We find that economic freedom in ancient Athens is on level with the highest ranked modern economies such as contemporary Hong Kong and Singapore. With the exception of the position of women and slaves, Athens scores high in almost every dimension of economic freedom. Trade was highly important even by current standards. As studies of contemporary societies show institutional quality to be an important determinant of economic growth, this may be one factor in the relative material success of the Athenians.
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Bibliographic InfoPaper provided by Lund University, Department of Economics in its series Working Papers with number 2011:10.
Length: 28 pages
Date of creation: 15 Feb 2011
Date of revision: 18 Oct 2011
Contact details of provider:
Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund,Sweden
Phone: +46 +46 222 0000
Fax: +46 +46 2224613
Web page: http://www.nek.lu.se/en
More information through EDIRC
institutions; quality; growth; ancient Athens;
Find related papers by JEL classification:
- N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
- N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913
- O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-03-12 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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