Institutions Always 'Mattered' Explaining prosperity in Mediaeval Ragusa (Dubrovnik)

, by ;
Institutions Always 'Mattered' Explaining prosperity in Mediaeval Ragusa (Dubrovnik) by Havrylyshyn, Oleh; Srzentić, Nora, 9781137339775
Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
  • ISBN: 9781137339775 | 1137339772
  • Cover: Hardcover
  • Copyright: 12/10/2014

  • Buy New

    Print on Demand: 2-4 Weeks. This item cannot be cancelled or returned.

    $118.21
  • eBook

    eTextBook from VitalSource Icon

    Available Instantly

    Online: 180 Days

    Downloadable: 180 Days

    $40.22

The mediaeval Republic of Ragusa (now Dubrovnik) was a prosperous economy that outperformed its Dalmatian rivals (Kotor, Split and Zadar). It enjoyed a period of rapid economic development in the 15th and 16th centuries. This study collects together evidence on how Ragusa compared to other economies of the region and addresses the difficult task of looking at the reasons behind its success.

Drawing on a vast amount of secondary literature, the authors use data to support their historical study of Ragusa. They provide a close analysis of its economic evolution, in particular looking at its policies and institutions. The authors, using the perspective of New Institutional Economics (NIE), test a number of hypotheses on the determinants of success. The authors argue that Ragusa exhibits the characteristics of an a 'Tiger' economy with growth-promoting institutions. Their findings reveal evidence which suggests that Ragusa had strong fundamentals with prudent finances, effective rule of law, good governance, social fairness, business-friendly institutions and trade openness.

This text offers a comprehensive historical case study of Ragusa's economy, making it essential reading for scholars and researchers of economic history and development theory.
Loading Icon

Please wait while the item is added to your bag...
Continue Shopping Button
Checkout Button
Loading Icon
Continue Shopping Button