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What Made Great Britain so Great? From the Fiscal-Military State to the First Industrial Revolution

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  • Jordan Roulleau-Pasdeloup

Abstract

Recent research in economic history casts doubts on the role played by good economic institutions in Great Britain after the 1688 Glorious Revolution. What undoubtedly emerged from the latter is a strong Fiscal-Military state under the influence of a Parliament dominated by Whigs. After presenting related empirical evidence, I develop a parsimonious model to understand how the influence of a strong military apparel on international trade can foster the implementation of more productive technologies. When this is the case, development by one country can foster de-industrialization for its trading partners, as has been the case historically in India during the 19th century.

Suggested Citation

  • Jordan Roulleau-Pasdeloup, 2016. "What Made Great Britain so Great? From the Fiscal-Military State to the First Industrial Revolution," Cahiers de Recherches Economiques du Département d'économie 16.02, Université de Lausanne, Faculté des HEC, Département d’économie.
    • Handle: RePEc:lau:crdeep:16.02
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    References listed on IDEAS

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    More about this item

    Keywords

    Industrial Revolution; Productivity; Conflict; Imperialism;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism

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