Bonenkamp, Jan P.M.; Jacobs, Jan P.A.M.; Smits, Jan-Pieter - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2005
The industrial revolution is mostly seen as a supply side phenomenon. Ever since Gilboy stated that factors of demand may have been equally important, scholars have stressed the importance of investments and technological change. This paper re-considers Gilboy?s ideas, using the dataset of the...