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Commercial Revolutions, Search, and Development

Listed author(s):
  • Maurizio Iacopetta

    (OFCE/Sciences Po and SKEMA Business School)

A society can reap more benefits generated by an improvement in communication and transportation when the gap between privileged and less-privileged individuals is small. This hypothesis is investigated in a Kiyotaki-Wright search environment where people enjoy different rental positions. Historical evidence about the rise of Italian seaport cities during the Middle Ages, of the Netherlands in the 17th century, and about the French nobility's resistance to trade during the pre-revolutionary period is used to support the hypothesis.

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File URL: https://economicdynamics.org/meetpapers/2016/paper_1394.pdf
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Paper provided by Society for Economic Dynamics in its series 2016 Meeting Papers with number 1394.

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Date of creation: 2016
Handle: RePEc:red:sed016:1394
Contact details of provider: Postal:
Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA

Web page: http://www.EconomicDynamics.org/
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