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Education and Industrialization in Prussia: A Reassessment

Edwards, Jeremy - CESifo - 2013

This paper investigates Becker, Hornung and Woessmann’s recent claim that education had an important causal effect on Prussian industrialization and finds it unwarranted. The econometric analysis on which this claim is based suffers from severe problems, notably the omission of relevant...

Persistent link: https://www.econbiz.de/10010877667

iPEHD - The ifo Prussian Economic History Database

Becker, Sascha O.; Cinnirella, Francesco; Hornung, Erik; … - CESifo - 2012

This paper provides a documentation of the ifo Prussian Economic History Database (iPEHD), a county-level database covering a rich collection of variables for 19th-century Prussia. The Royal Prussian Statistical Office collected these data in several censuses over the years 1816-1901, with much...

Persistent link: https://www.econbiz.de/10010877913

Business Cycles, Credit Cycles and Bank Holdings of Sovereign Bonds: Historical Evidence for Italy 1861-2013

Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta; … - CESifo - 2015

We propose a joint dating of the Italian business and credit cycle on a historical horizon, by applying a local turning-point dating algorithm to the level of the variables. Along with short cycles, corresponding to traditional business cycle fluctuations, we also investigate medium cycles,...

Persistent link: https://www.econbiz.de/10011265254

The Sustainability of Fiscal Policy in Italy: A Long-Term Perspective

Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta - CESifo - 2012

containing several statistical novelties: new time series estimates of public debt and GDP (respectively Banca d’Italia, 2008 and … debt-to-GDP ratio. Two main issues are addressed. First, we examine the size and dynamics of public finance aggregates. In … debt and its ratio to GDP. Second, exploiting unit root analysis and cointegration, we test for the sustainability of …

Persistent link: https://www.econbiz.de/10010548150

Is the Italian Public Debt Really Unsustainable? An Historical Comparison (1861-2010)

Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta - CESifo - 2013

employing a database containing several statistical novelties: new time series estimates of public debt and GDP (respectively … analyzed include public debt, primary and total deficits, nominal and real GDP rates of growth. Long-term analysis of new … literature on the debt-to-GDP ratio. Two main issues are addressed. First, we examine the size and dynamics of public finance …

Persistent link: https://www.econbiz.de/10010636598

The Role of Human Capital and Innovation in Prussian Economic Development

Cinnirella, Francesco; Streb, Jochen - CESifo - 2013

By merging individual data on valuable patents granted in Prussia in the late nineteenth century with county level information on literacy and income tax revenues we show that increases in the stock of human capital not only improved workers’ productivity but also accelerated innovative...

Persistent link: https://www.econbiz.de/10010693473

Was Germany ever United? Evidence from Intra- and International Trade 1885 - 1933

Wolf, Nikolaus - CESifo - 2008

When did Germany become economically integrated? Within the framework of a gravity model, based on a new data set of about 40,000 observations on trade flows within and across the borders of Germany over the period 1885 – 1933, I explore the geography of trade costs across Central Europe....

Persistent link: https://www.econbiz.de/10005765846

Fiscal Policy and the Banking System in Italy. Have Taxes, Public Spending and Banks been Procyclical in the Long-Run?

Piluso, Giandomenico; Ricciuti, Roberto - CESifo - 2008

This paper analyses the relations between the banking system fluctuations, on one hand, and taxation and public spending, on the other one, using a VECM methodology. We find some evidence of prociclicality of fiscal policy using variables such as government spending, taxes, and primary surplus....

Persistent link: https://www.econbiz.de/10005766249

Endogenous Borders? The Effects of New Borders on Trade in Central Europe 1885-1933

Heinemeyer, Hans-Christian; Schulze, Max-Stephan; Wolf, … - CESifo - 2008

A large literature on “border effects” in the wake of McCallum (1995) documents the massive impact of borders on trade. However, all these studies suffer from an identification problem. “Border effects” are usually identified from cross-sectional variation alone. We do not know how trade...

Persistent link: https://www.econbiz.de/10005094241

Malthus and the Industrial Revolution: Evidence from a Time-Varying VAR

Rathke, Alexander; Sarferaz, Samad - CESifo - 2014

In the process of economic development economies grow through various regimes, each characterized by different demographic-economic interactions. The changes in these interactions are key elements in different explanations of the escape from Malthusian stagnation. We employ time-varying vector...

Persistent link: https://www.econbiz.de/10010747208