The Glorious Revolution and Access to Parliament

• 成果类型: Article
• 署名作者: Hamilton College; Stellenbosch University
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050723000281
• 发表日期: 2023
• 页码: 676-708
• 关键词: economic-growth; industrial-revolution; PROPERTY-RIGHTS; british economy; estate acts; england; EVOLUTION; institutions; britain; finance

摘要

This paper shows that the Glorious Revolution of 1688 broadened access to Parliament for families needing rights to sell land in so-called estate bills. Bills were on average 14-27 percentage points more likely to be for gentry families and not aristocratic families in legislative sessions after the Revolution compared to sessions before. Regression and archival evidence suggest that parliamentary certainty was primarily responsible for improved access by altering families' entry calculus and brokers' recruitment of new business. More broadly, the paper provides insight into the ways in which political institutions affect access to and the provision of property rights.