Atlantic trade and regional specialisation in nothern Spain 1550-1650: an integrated trade theory-institutional organisation approach

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dc.contributor.author Grafe, Regina
dc.date.accessioned 2006-11-09T12:20:39Z
dc.date.available 2006-11-09T12:20:39Z
dc.date.issued 2001-11
dc.identifier.uri http://hdl.handle.net/10016/397
dc.description.abstract Based on an in-depth study of the northern Spanish economy in the sixteenth and seventeenth centuries, this paper argues that commercial expansion was a major source of the diverging performance of European regions. It develops an approach that integrates insights from more recent trade theory with those from new institutional economics. New trade theory informs the analysis of changes at a macro-level - defined as traded quantities, the structure of (inter-) regional integration and specialisation, and the larger institutional framework. New institutional economics are the basis for the interpretation of developments at a micro-level defined as the strategies of merchant organisations and individual firms within that larger framework. The paper shows how macro-level changes impacted upon - and interacted with - micro-level structures and processes of adaptation. The integration of quantitative and qualitative analysis demonstrates that the Commercial Revolution transformed the European economy more through structural change than through increased availability of goods.
dc.format.extent 256067 bytes
dc.format.mimetype application/pdf
dc.language.iso eng
dc.language.iso eng
dc.relation.ispartofseries UC3M Working Papers. Economic History and Institutions
dc.relation.ispartofseries 2001-02
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Atlantic trade and regional specialisation in nothern Spain 1550-1650: an integrated trade theory-institutional organisation approach
dc.type workingPaper
dc.subject.eciencia Economía
dc.subject.eciencia Historia
dc.rights.accessRights openAccess
dc.identifier.repec wh016502
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