Domino Secessions: Evidence from the U.S.
Kris James Mitchener, Kim Oosterlink, and Jean Lacroix
Abstract:
We examine how the process of secession depends on the decisions of other regions. We build a model to explore the dynamics of secession and then evaluate how sub-sovereign debt can be used to examine the evolution of secession movements -- using data from the canonical case of the U.S. South in the 1860s.
Jul 1, 2025