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Economic Cooperation in 19th Century Taiwan: Religion and Informal Enforcement

Author

Listed:
  • Kelly B. Olds
  • Ruey-Hua Liu

Abstract

In the pre-20th-century Taiwanese economy, religious corporations played a primary role in providing informal enforcement services. This paper presents evidence that many of these religious corporations were important to commerce and investment in Chinese society, but agency problems limited their size and they thus tended to fragment society into rival groups making the broad transparent markets necessary for economics development difficult to establish.

Suggested Citation

  • Kelly B. Olds & Ruey-Hua Liu, 2000. "Economic Cooperation in 19th Century Taiwan: Religion and Informal Enforcement," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 156(2), pages 404-404, June.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200006)156:2_404:eci1ct_2.0.tx_2-i
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    Cited by:

    1. Hui‐Wen Koo, 2013. "Worship Associations in Taiwan," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 53(1), pages 1-21, March.

    More about this item

    JEL classification:

    • N45 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Asia including Middle East

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