Unified China and Divided Europe
@inproceedings{Ko2014UnifiedCA,
title={Unified China and Divided Europe},
author={Chiu Yu Ko and Mark Koyama and T Y Sng},
year={2014}
}- Published 2014
This paper studies the causes and consequences of political centralization and fragmentation in China and Europe. We argue that the severe and unidirectional threat of external invasion fostered political centralization in China while Europe faced a wider variety of moderate external threats and remained politically fragmented. Our model allows us to explore the economic consequences of political centralization and fragmentation. Political centralization in China led to lower taxation and hence… CONTINUE READING