民主约束和对古典金本位的坚持

IF 2.6 1区历史学 Q1 ECONOMICS

Explorations in Economic History Pub Date : 2022-04-01 DOI:10.1016/j.eeh.2021.101436

Bert S. Kramer , Petros Milionis

{"title":"民主约束和对古典金本位的坚持","authors":"Bert S. Kramer , Petros Milionis","doi":"10.1016/j.eeh.2021.101436","DOIUrl":null,"url":null,"abstract":"<div><p>We study how political institutions affected the decision of countries to adhere to the classical gold standard. Using a variety of econometric techniques and controlling for a wide range of relevant economic and political factors, we find that the probability of adherence to the gold standard before World War I was ceteris paribus lower for countries which were more democratic. This effect can be linked to how open the political process was to different segments of the population and the extent of political competition resulting from that. The effect was particularly relevant for peripheral countries and it influenced both the decision of countries to adopt the gold standard as well as the decision to suspend it.</p></div>","PeriodicalId":47413,"journal":{"name":"Explorations in Economic History","volume":null,"pages":null},"PeriodicalIF":2.6000,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Democratic constraints and adherence to the classical gold standard\",\"authors\":\"Bert S. Kramer , Petros Milionis\",\"doi\":\"10.1016/j.eeh.2021.101436\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>We study how political institutions affected the decision of countries to adhere to the classical gold standard. Using a variety of econometric techniques and controlling for a wide range of relevant economic and political factors, we find that the probability of adherence to the gold standard before World War I was ceteris paribus lower for countries which were more democratic. This effect can be linked to how open the political process was to different segments of the population and the extent of political competition resulting from that. The effect was particularly relevant for peripheral countries and it influenced both the decision of countries to adopt the gold standard as well as the decision to suspend it.</p></div>\",\"PeriodicalId\":47413,\"journal\":{\"name\":\"Explorations in Economic History\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":2.6000,\"publicationDate\":\"2022-04-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Explorations in Economic History\",\"FirstCategoryId\":\"98\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0014498321000632\",\"RegionNum\":1,\"RegionCategory\":\"历史学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Explorations in Economic History","FirstCategoryId":"98","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0014498321000632","RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

摘要

我们研究政治制度如何影响国家坚持古典金本位的决定。使用各种计量经济学技术并控制广泛的相关经济和政治因素，我们发现，在其他条件相同的情况下，在第一次世界大战之前，对更民主的国家来说，坚持金本位的可能性更低。这种影响可能与政治进程对不同人口阶层的开放程度以及由此产生的政治竞争程度有关。这种影响对外围国家尤其重要，它既影响到各国采用金本位制的决定，也影响到暂停金本位制的决定。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Democratic constraints and adherence to the classical gold standard

We study how political institutions affected the decision of countries to adhere to the classical gold standard. Using a variety of econometric techniques and controlling for a wide range of relevant economic and political factors, we find that the probability of adherence to the gold standard before World War I was ceteris paribus lower for countries which were more democratic. This effect can be linked to how open the political process was to different segments of the population and the extent of political competition resulting from that. The effect was particularly relevant for peripheral countries and it influenced both the decision of countries to adopt the gold standard as well as the decision to suspend it.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Explorations in Economic History Multiple-

CiteScore

2.50

自引率

8.70%

发文量

期刊介绍： Explorations in Economic History provides broad coverage of the application of economic analysis to historical episodes. The journal has a tradition of innovative applications of theory and quantitative techniques, and it explores all aspects of economic change, all historical periods, all geographical locations, and all political and social systems. The journal includes papers by economists, economic historians, demographers, geographers, and sociologists. Explorations in Economic History is the only journal where you will find "Essays in Exploration." This unique department alerts economic historians to the potential in a new area of research, surveying the recent literature and then identifying the most promising issues to pursue.