Mercantilism and Modern Growth.

A-Tier
Journal: Journal of Economic Growth
Year: 1999
Volume: 4
Issue: 1
Pages: 55-80

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Nations close themselves voluntarily to varying degrees. Restrictions on the flow of ideas are difficult to understand, since open countries have higher relative incomes. This article provides an explanation based on the existence of two channels of public finance--traditional and mercantilistic. The latter refers to monopoly creation to provide a stream of government revenue. Strong, profitable monopolies require that the nation be closed to new ideas about technology and organization. The government sets the degree of restriction to balance current mercantilistic revenue with future revenue from traditional sources. The model is supported with numerical simulations and historical illustrations. Copyright 1999 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:jecgro:v:4:y:1999:i:1:p:55-80
Journal Field
Growth
Author Count
1
Added to Database
2026-01-26