| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8791 |
| DP8791 Political Institution and Long Run Economic Trajectory: Some Lessons from Two Millennia of Chinese Civilization | |
| Debin Ma | |
| 发表日期 | 2012 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Based on a reconstruction of a weighted index of political unification and a time series of incidences of warfare for the past two millennia, this paper develops a narrative to show that the establishment and consolidation towards a single unitary monopoly of political power in China was an endogenous historical process. Drawing on new institutional economics, this article develops a historical narrative to demonstrate that monopoly rule, a long time-horizon and the large size of the empire could give rise to a path of low-taxation and dynastic stability co-evolving with the growth of a private sector under China?s imperial system. But the fundamental problems of incentive misalignment and information asymmetry within its centralized and hierarchical political structure also placed limits to institutional change necessary for modern economic growth. |
| 主题 | International Macroeconomics |
| 关键词 | Unification and fragmentation Incentive and information Political institution Warfare |
| URL | https://cepr.org/publications/dp8791 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537626 |
| 推荐引用方式 GB/T 7714 | Debin Ma. DP8791 Political Institution and Long Run Economic Trajectory: Some Lessons from Two Millennia of Chinese Civilization. 2012. |
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