Testing for the Economic Impact of the U.S. Constitution: Purchasing Power Parity across the Colonies versus across the States, 1748-1811 / Farley Grubb.

Format:

Book

Author/Creator:

Grubb, Farley.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w13836.

NBER working paper series no. w13836

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Testing for the Economic Impact of the U.S. Constitution

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2008.

Summary:

The U.S. Constitution removed real and monetary trade barriers between the states. By contrast, these states when they were British colonies exercised considerable real and monetary autonomy over their borders. Purchasing power parity is used to measure how much economic integration between the states was gained in the decades after the Constitution's adoption compared with what existed among the same locations during the late colonial period. The U.S. Constitution's net contribution to the economic integration of the nation is found, using this method, to be not as large as is commonly supposed.

Notes:

Print version record

March 2008.