Historical state stability and economic development in Europe

Bibliographic Data

ID7972589
AuthorsP Harish, Santosh Harish (0000-0003-0129-2079, William & Mary), Christopher Paik (0000-0002-5835-9804, corresponding author)
Year2020
Volume8
Issue3
Pages425-443
Publication date2020-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenuePolitical Science Research and Methods (JOURNAL)
Journal identifiersISSN: 2049-8470 • E-ISSN: 2049-8489
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/psrm.2019.16
OpenAlexW2961174446
LanguageEN
Citations received3
References cited58

In this paper, we show that state stability exhibits a persistent and robust non-monotonic relationship with economic development. Based on observations in Europe spanning from 1 to 2000 AD, regions that have historically experienced either short- or long-duration state rule on average lag behind in their local wealth today, while those that have experienced medium-duration state rule fare better. These findings support the argument that both an absence as well as an excess of state stability are bad for economic development. State instability hinders investment for growth, while too much stability is likely indicative of elite capture and subsequent stagnation of innovation

Duration (music · Economic stability · Economic system · Economics · Elite · Instability · Investment (military · Keynesian economics · Lag · Mechanics · Monotonic function · Physics · Political science · Stability (learning theory · State (computer science · Computer Science · Culture, Economy, and Development Studies · Historical Economic and Social Studies · Law · Mathematics · World Systems and Global Transformations