Institutions Always “Mattered” [electronic resource] : Explaining Prosperity in Mediaeval Ragusa (Dubrovnik) /
Havrylyshyn, Oleh.author.
Srzentić, Nora.author.
The medieval Republic of Ragusa (now Dubrovnik) was a prosperous small open economy, rivalling bigger competitors. This study collects together evidence on how Ragusa compared to other economies of the region, and addresses the difficult question of why it outperformed its Dalmatian rivals (Kotor, Split and Zadar).
Description based upon print version of record.
Cover; Half-Title ; Title; Copyright; Dedication; Contents; List of Figures; List of Tables; Acknowledgements; Part I Motivation and Overview; 1 Introduction: Why Ragusa?; 2 Key Aspects of the New Institutional Economics (NIE); Part II Economic History of Ragusa/Dubrovnik; 3 The History of Ragusa in an Eastern Mediterranean Context; 4 Economic Evolution and Rise to Prosperity; 5 Quantifying Ragusan Prosperity and Disproportionate East Mediterranean Role; 6 The Relative Decline after Vasco da Gama Circumnavigation; Part III Prudent Macroeconomic Policies
7 The System of Governance, Wise Policies, and Market-Friendly Institutions8 Macro Policies 1: Fiscal Probity: The Starting Point for Good Institutions (and the Other Way Around?); 9 Macro Policies 2: Monetary and Financial Prudence,Minimal Public Debt; Part IV Growth-Promoting Institutions; 10 Institutions Friendly to Commerce: In Today's Jargon, "Ease of Doing Business"; 11 An Open Legal System with Effective Rule-of-Law; 12 "Sufficient" Social Fairness Provides Stability; 13 Maximal Diplomacy with Minimal Military; Part V Conclusions
14 How Unique Was Ragusa? Some Comparisons with Venice and Others15 A Successful Case of Institutional Optimality before Its Time: What Lessons for the 21st Century?; Data Appendix; Notes; Bibliography; Index
Includes bibliographical references and index.
The medieval Republic of Ragusa (now Dubrovnik) was a prosperous small open economy, rivalling bigger competitors. This study collects together evidence on how Ragusa compared to other economies of the region, and addresses the difficult question of why it outperformed its Dalmatian rivals (Kotor, Split and Zadar).
Economic policy.
Regional economics.
Spatial economics.
Macroeconomics.
Economic history.
Economic theory.
Economic growth.
Economic Policy.
Regional/Spatial Science.
Macroeconomics/Monetary Economics//Financial Economics.
Economic History.
Economic Theory/Quantitative Economics/Mathematical Methods.
Economic Growth.