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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

International Capital Mobility in History : The Saving-Investment Relationship

Taylor, Alan M. - 1996

Economic historians have been concerned with the evolution of international capital markets over the long run, but empirical testing of market integration has been limited. This paper augments the literature by investigating long- and short-run criteria for capital mobility using time-series and...

Persistent link: https://www.econbiz.de/10012473091

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

Domestic Saving and International Capital Flows Reconsidered

Taylor, Alan M. - 1994

A long literature since Feldstein and Horioka's seminal contribution documents the strong correlation of domestic saving and investment rates since the 1960s. According to conventional wisdom, the result provides evidence of international capital market imperfections. The macroeconomic theory of...

Persistent link: https://www.econbiz.de/10012474015

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

Business Cycles in International Historical Perspective

Basu, Susanto - 1999

This paper examines business cycles theoretically and empirically, with a quantitative study based on experience over the long run and in a cross section of countries. Several major questions in business cycle theory are explored. Theoretical concerns indicate that the properties of business...

Persistent link: https://www.econbiz.de/10012471707

The Harrod-Balassa-Samuelson Hypothesis : Real Exchange Rates and their Long-Run Equilibrium

Chong, Yanping - 2010

Frictionless, perfectly competitive traded-goods markets justify thinking of purchasing power parity (PPP) as the main driver of exchange rates in the long-run. But differences in the traded/non-traded sectors of economies tend to be persistent and affect movements in local price levels in ways...

Persistent link: https://www.econbiz.de/10012462782

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

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