Suchergebnisse

Why did the countries which first benefitted from access to the New World - Castile and Portugal - decline relative to their followers, especially England and the Netherlands? The dominant narrative is that worse initial institutions at the time of the opening of Atlantic trade explain Iberian divergence. In this paper, we build a new dataset which allows for a comparison of institutional quality over time. We consider the frequency and nature of parliamentary meetings, the frequency and intensity of extraordinary taxation and coin debasement, and real interest spreads for public debt. We find no evidence that the political institutions of Iberia were worse until at least the English Civil War.

Abstract
We provide a blueprint for constructing measures of state capacity in premodern states, offering several advantages over the current state of the art. We argue that assessing changing state capacity requires considering the composition of revenues, expenditure patterns, and local-level budgets. As an application, we examine the case of Portugal (1367–1844). Our findings demonstrate that throughout most of this extended period, Portugal maintained comparatively high fiscal and legal capacities. This challenges claims that Portugal's economic decline from the second half of the eighteenth century was due to low state capacity.

Robustness has been recognized as interesting research topic due to several collapses that have been occurring over last years. Indeed, this subject is related with global failure or collapse. However, its definition is not consensual since several definitions have been proposed in the literature. This shortpaper aims to present a framework for assessing bridge's robustness as a probabilistic performance indicator. In this study, a non-linear model of a clamped beam with two point loads using DIANA software was developed to validate the framework presented. By means of a probabilistic approach, the load carrying capacity and structural safety were evaluated. In this regard, special focus is placed on an adaptive Monte Carlo simulation procedure to achieve a proper meta-model. ; ISISE – Institute for Sustainability and Innovation in Structural Engineering (PEstC/ECI/UI4029/2011 FCOM-01-0124-FEDER-022681) ; FCT– Portuguese Scientific Foundation for the research grant PD/BD/113677/2015 ; European Union's Seventh Framework Programme for research, technological development and demonstration under grant agreement No. ...