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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w24118 |
来源ID | Working Paper 24118 |
The Diffusion of New Institutions: Evidence from Renaissance Venice's Patent System | |
Stefano Comino; Alberto Galasso; Clara Graziano | |
发表日期 | 2017-12-18 |
出版年 | 2017 |
语种 | 英语 |
摘要 | What factors affect the diffusion of new economic institutions? This paper examines this question by exploiting the introduction of the first regularized patent system, which appeared in the Venetian Republic in 1474. We begin by developing a model that links patenting activity of craft guilds with provisions in their statutes. The model predicts that guild statutes that are more effective at preventing outsiders' entry and at mitigating price competition lead to less patenting. We test this prediction on a new dataset that combines detailed information on craft guilds and patents in the Venetian Republic during the Renaissance. We find a negative association between patenting activity and guild statutory norms that strongly restrict entry and price competition. We show that guilds that originated from medieval religious confraternities were more likely to regulate entry and competition, and that the effect on patenting is robust to instrumenting guild statutes with their quasi-exogenous religious origin. We also find that patenting was more widespread among guilds geographically distant from Venice, and among guilds in cities with lower political connections, which we measure by exploiting a new database of noble families and their marriages with members of the great council. Our analysis suggests that local economic and political conditions may have a substantial impact on the diffusion of new economic institutions. |
主题 | Other ; Law and Economics ; History ; Financial History ; Development and Growth ; Innovation and R& ; D |
URL | https://www.nber.org/papers/w24118 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581792 |
推荐引用方式 GB/T 7714 | Stefano Comino,Alberto Galasso,Clara Graziano. The Diffusion of New Institutions: Evidence from Renaissance Venice's Patent System. 2017. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w24118.pdf(495KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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