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Freight Rates and Productivity Gains in British Tramp Shipping 1869-1950

Mohammed, Saif I. Shah - 2003

The standard source for pre-WWII global freight rate trends is the Isserlis British tramp shipping index. We think it … the precipitous decline in nominal freight rates before the World War I, but it also extends the series to the 1940s …. Furthermore, our new series is linked to the post-World War II era (documented by David Hummels), so that we can be more precise …

Persistent link: https://www.econbiz.de/10012469171

Globalization, Convergence and History

Williamson, Jeffrey G. - 1995

world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence …. But is the correlation spurious? When the pre-World War I years are examined in detail, the correlation turns out to be …

Persistent link: https://www.econbiz.de/10012473616

Did Vasco da Gama Matter for European Markets? Testing Frederick Lane's Hypotheses Fifty Years Later

O'Rourke, Kevin H. - 2005

spice markets were already well integrated with those in Iberia and northern Europe, implying that Portugal could not have …

Persistent link: https://www.econbiz.de/10012466787

Capital Goods Prices, Global Capital Markets and Accumulation : 1870-1950

Collins, William J. - 1999

variety of tests for world financial capital market integration ranging from the correlation of saving and investment …

Persistent link: https://www.econbiz.de/10012471649

Unbalanced Trade

Dekle, Robert - 2007

We incorporate trade imbalances into a quantitative model of bilateral trade in manufactures, dividing the world into … welfare would differ in a counterfactual world with all current accounts balancing. Our results indicate that closing the …

Persistent link: https://www.econbiz.de/10012465619

Capital Goods Prices, Global Capital Markets and Accumulation, 1870-1950

Collins, William J. - 1999

variety of tests for world financial capital market integration ranging from the correlation of saving and investment …

Persistent link: https://www.econbiz.de/10012471889

Technology and Bilateral Trade

Eaton, Jonathan - 1997

We develop a Ricardian model to explore the role of trade in spreading the benefits of" innovation. The theory delivers an equation for bilateral trade that gravity specification, but identifies underlying parameters of technology. We estimate the" equation using trade in manufactures among the...

Persistent link: https://www.econbiz.de/10012472558

Trade in Ideas : Patenting and Productivity in the OECD

Eaton, Jonathan - 1995

We develop and estimate a model of technological innovation and its contribution to growth at home and abroad. International patents indicate where innovations come from and where they are used. Countries grow at a common steady-state rate. A country's relative productivity depends upon its...

Persistent link: https://www.econbiz.de/10012473840

Measuring ancient inequality

Milanovic, Branko - 2007

"Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies as unequal as they are today? For want of sufficient data, these questions have not yet been answered. This paper infers inequality for 14 ancient, pre-industrial societies using...

Persistent link: https://www.econbiz.de/10010521497

Land, Labor and Globalization in the Pre-Industrial Third World

Williamson, Jeffrey G. - 2000

A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time …/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …-industrial Third World. This paper finds commodity price convergence to have been bigger in the Third World than the Atlantic economy …

Persistent link: https://www.econbiz.de/10012470966