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Historical state stability and economic development in Europe

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  • Harish, S.P.
  • Paik, Christopher

Abstract

In this paper, we show that state stability exhibits a persistent and robust non-monotonic relationship with economic development. Based on observations in Europe spanning from 1 to 2000 AD, regions that have historically experienced either short- or long-duration state rule on average lag behind in their local wealth today, while those that have experienced medium-duration state rule fare better. These findings support the argument that both an absence as well as an excess of state stability are bad for economic development. State instability hinders investment for growth, while too much stability is likely indicative of elite capture and subsequent stagnation of innovation.

Suggested Citation

  • Harish, S.P. & Paik, Christopher, 2020. "Historical state stability and economic development in Europe," Political Science Research and Methods, Cambridge University Press, vol. 8(3), pages 425-443, July.
    • Handle: RePEc:cup:pscirm:v:8:y:2020:i:3:p:425-443_3
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    Cited by:

    1. Trung V. Vu, 2023. "State history and political instability: The disadvantage of early state development," Kyklos, Wiley Blackwell, vol. 76(3), pages 351-379, August.
    2. Vu, Trung V., 2021. "Statehood experience and income inequality: A historical perspective," Economic Modelling, Elsevier, vol. 94(C), pages 415-429.
    3. Dombi, Ákos & Grigoriadis, Theocharis N. & Zhu, Junbing, 2024. "Antiquity, capitalism & development: The finance-growth perspective," Emerging Markets Review, Elsevier, vol. 59(C).
    4. Atangana Ondoa Henri & Seabrook Arthur Mveng, 2022. "Did state antiquity matter for the size of the informal economy?," Economics of Governance, Springer, vol. 23(2), pages 115-131, June.
    5. Lam Ho Bao, 2024. "Historical state and its legacy: another perspective on Dai Viet–Khmer economic division in Vietnam," Empirical Economics, Springer, vol. 67(6), pages 2933-2970, December.

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