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The Spanish Origins of Extractive Institutions in the Philippines

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  • Prince Christian Cruz

Abstract

type="main"> Why did the Spanish colonisers of the Philippines establish extractive institutions? Using an explicit rational choice framework, the article examines the demand for institutions of Spanish settlers during the conquest period. It provides a framework for analysing the incentive structure faced by individuals that lead them to demand, create, and preserve certain types of institutions. The article argues that extractive institutions were demanded and supplied to minimise the uncertainty brought by high mortality and the relatively low wealth in the Philippines.

Suggested Citation

  • Prince Christian Cruz, 2014. "The Spanish Origins of Extractive Institutions in the Philippines," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 54(1), pages 62-82, March.
    • Handle: RePEc:bla:ozechr:v:54:y:2014:i:1:p:62-82
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    File URL: http://hdl.handle.net/10.1111/aehr.12035
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    References listed on IDEAS

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    Cited by:

    1. Michael Batu, 2017. "Poverty and the Colonial Origins of Elite Capture: Evidence from Philippine Provinces," Working Papers 1708, University of Windsor, Department of Economics.

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