Do Frontiers give of do frontiers take ? The case of intercontinental trade in France at the end of the Ancien Régime
This paper studies the role of the French intercontinental trading maritime frontier in domestic capital accumulation at the end of the Ancien Régime. It uses O'Brien's method to measure the amount of annual profits generated in this sector. The net gain is then computed by computing how much income and savings the resources invested in the intercontinental sector would have had if they have been invested in the French domestic economy. Finally, using the notion of "heart of growth", the paper suggests that this frontier was more important for its attractiveness for domestic capitalists than for the riches it distributed.
|Date of creation:||2003|
|Date of revision:|
|Publication status:||forthcoming in "A Deus Ex Machina Revisited. Atlantic Colonial Activities and European Economic Development" Olivier Pétré-Grenouilleau et Pieter Emmer, ed., Ashgate, expected 2004|
|Contact details of provider:|| Postal: 69, quai d'Orsay - 75007 PARIS|
Phone: 01 44 18 54 00
Fax: 01 45 56 06 15
Web page: http://www.ofce.sciences-po.fr/
More information through EDIRC
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.:
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Daudin, Guillaume, 2004.
"Profitability of Slave and Long-Distance Trading in Context: The Case of Eighteenth-Century France,"
The Journal of Economic History,
Cambridge University Press, vol. 64(01), pages 144-171, March.
- Guillaume Daudin, 2004. "Profitability of slave and long distance trading in context : the case of eightheenth century France," Sciences Po publications info:hdl:2441/687, Sciences Po.
- Engerman, Stanley L., 1972. "The Slave Trade and British Capital Formation in the Eighteenth Century: A Comment on the Williams Thesis," Business History Review, Cambridge University Press, vol. 46(04), pages 430-443, December.
- Guillaume Daudin, 2002. "The quality of slave trade investment in eighteenth century France," Documents de Travail de l'OFCE 2002-06, Observatoire Francais des Conjonctures Economiques (OFCE).
- Solow, Barbara L., 1985. "Caribbean slavery and British growth : The Eric Williams hypothesis," Journal of Development Economics, Elsevier, vol. 17(1-2), pages 99-115.
- Coelho, Philip R. P., 1973. "The profitability of imperialism: The British experience in the West indies 1768-1772," Explorations in Economic History, Elsevier, vol. 10(3), pages 253-280.
- Darity, William, 1985. "The Numbers Game and the Profitability of the British Trade in Slaves," The Journal of Economic History, Cambridge University Press, vol. 45(03), pages 693-703, September.
- R. B. Sheridan, 1965. "The Wealth of Jamaica in the Eighteenth Century," Economic History Review, Economic History Society, vol. 18(2), pages 292-311, 08.
- Sergio Rebelo, 1999.
"Long Run Policy Analysis and Long Run Growth,"
Levine's Working Paper Archive
2114, David K. Levine.
- Inikori, Joseph E., 1990. "The credit needs of the African trade and the development of the credit economy in England," Explorations in Economic History, Elsevier, vol. 27(2), pages 197-231, April.
- Paul M. Romer, 1989. "Increasing Returns and New Developments in the Theory of Growth," NBER Working Papers 3098, National Bureau of Economic Research, Inc.
- Thomas, Robert Paul & Bean, Richard Nelson, 1974. "The Fishers of Men: The Profits of the Slave Trade," The Journal of Economic History, Cambridge University Press, vol. 34(04), pages 885-914, December.
- Guillaume Daudin, 2002. "Comment calculer les profits de la traite ?," Sciences Po publications info:hdl:2441/691, Sciences Po.
- Velde, François R. & Weir, David R., 1992. "The Financial Market and Government Debt Policy in France, 1746–1793," The Journal of Economic History, Cambridge University Press, vol. 52(01), pages 1-39, March.
When requesting a correction, please mention this item's handle: RePEc:fce:doctra:0303. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Francesco Saraceno)
If references are entirely missing, you can add them using this form.