The state does not live by warfare alone: War and revenue in the long nineteenth century
Journal: The Review of International Organizations
Year: 2022

Abstract Previous research shows that wars contributed to the expansion of state revenues in the Early Modern period and in the twentieth century. There are, however, few cross-national studies on the long nineteenth century. Using new unbalanced panel data on wars and public revenues from 1816 to 1913 for 27 American and European countries, this article provides new evidence that military conflicts very rarely triggered lasting increases in public revenues during those years. We argue that the