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The Social Returns to Empire: A Note

Published online by Cambridge University Press:  03 March 2009

Dennis O. Flynn  and
David J. St. Clair
Dennis O. Flynn
Affiliation:
Professor of Economics, University of the Pacific, Stockton, California 95211.
David J. St. Clair
Affiliation:
Professor of Economics, California State University, Hayward, California 94542.
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Abstract

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Type
Notes and Discussion
Information
The Journal of Economic History , Volume 43 , Issue 4 , December 1983 , pp. 981 - 982
Copyright
Copyright © The Economic History Association 1983

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References

1 Davis, Lance E. and Huttenback, Robert, “The Political Economy of British Imperialism: Measures of Benefits and Support”, this JOURNAL, 42 (03 1982), 119–30.Google Scholar

2 Ibid., pp. 122–25. Domestic rates of return were 10.8 percent over the whole period (1860–1914), versus 9.4 percent for (nonempire) foreign and 13.0 percent for empire (but only 7.6 percent after 1880). Ibid., p. 124.

3 Ibid., p. 124.

4 Ibid., p. 128.

5 Flynn, Dennis O., “Fiscal Crisis and the Decline of Spain (Castile)”, this JOURNAL, 42 (03 1982), 139–47.Google Scholar