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In What Way, and to What Degree, Did the Mughal State Inhibit Smithian Growth In India in the Seventeenth Century?

Ellis, Frank W. - London School of Economics and Political Science - 2005

whole surplus, leaving the peasants immiserated. Trade was sterile in that it was state inspired, and required to meet the …

Persistent link: https://www.econbiz.de/10005870823

“Trust in God – But Tie Your Camel First.” The Economic Organization Of The Trans-Saharan Slave Trade Between The Fourteenth and Nineteenth Centuries

Prange, Sebastian - London School of Economics and Political Science - 2005

This paper examines the economic organization of the trans-Saharan slave trade between the fourteenth and the …. The commercial framework of this trade was integrated into ethnic, cultural, and religious systems, yet for its efficient … limit cooperation problems. This demonstrates that the organization of the trans-Saharan slave trade was economically …

Persistent link: https://www.econbiz.de/10005870829

Colonies in a Globalizing Economy 1815-1948

O’Brien, Patrick Karl - London School of Economics and Political Science - 2004

realize enhanced gains from trade also depended upon the political status of regional economies operating and interacting … (through trade in commodities, capital flows, labour migration and the diffusion of useful knowledge) within a global economy …

Persistent link: https://www.econbiz.de/10005870836

Market Disciplines in Victorian Britain

Johnson, Paul - London School of Economics and Political Science - 2005

.Yet even as this orthodoxy seemed to become embedded in a public policy of free trade and minimal government in the 1840s …

Persistent link: https://www.econbiz.de/10005870941

Efficiency among Private Railway Companies in a weakly Regulated System: The Case of Britain’s Railways in 1893-1912

Mulatu, Abay; Crafts, Nicholas F. R. - London School of Economics and Political Science - 2005

This paper uses a stochastic cost frontier model to investigate the efficiency of Britain’s private railways during the period 1893-1912. We find that there was substantial inefficiency in the industry with no sign of reduction over time. Our main conclusion is that principal agent problems...

Persistent link: https://www.econbiz.de/10005870948

How did the Location of Industry Respond To Falling Transport Costs in Britain Before World War I?

Crafts, Nicholas F. R.; Mulatu, Abay - London School of Economics and Political Science - 2004

This paper explores the location of industry in pre-World-War-I Britain using a model that takes account both of factor endowment and also of new economic geography influences. Broadly speaking, the pattern of industrial location in this period was quite persistent and regional specialization...

Persistent link: https://www.econbiz.de/10005870951

Designing Incentive-Compatible Regulation in Banking: The Role of Penalty in the Precommitment Approach

Kobayakawa, Shuji - Nihon-Ginkō <Tōkyō>; London School of Economics and … - 1998

The purpose of this paper is to present a framework forincentive-compatible regulation that would enable regulatorsto ensure that riskier banks maintain higher capitalholdings.Under the precommitment approach, a bankannounces the appropriate level of capital that covers themaximum value of...

Persistent link: https://www.econbiz.de/10005870080

Bank Capital Requirements for Market Risk: The Internal Models Approach

Hendricks, Darryll; Hirtle, Beverly - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]This paper presents an overview of the new capitalrequirements. In the first section, we describe the structureof the requirements and the considerations that went intotheir design. In addition, we address some of the concernsthat have been raised about the methods of calculating...

Persistent link: https://www.econbiz.de/10005870218

Explaining the Growing Inequality in Wages across Skill Levels

Brauer, David A.; Hickok, Susan - Federal Reserve Bank <New York, NY>; London School of … - 1995

[...]We conclude that technological change, combinedwith overall growth in the capital stock, is the most importantfactor driving the growing wage inequality betweenlow-skilled and high-skilled workers. Increased competitionfrom abroad, both from developing and industrializedcountries, appears...

Persistent link: https://www.econbiz.de/10005870367

Does Trade Explain Europe’s Rise? Geography, Market Size and Economic Development

Studer, Roman - London School of Economics and Political Science - 2009

This paper tests whether the so-called ‘reach of the market’ helps to explain ‘why Europe’ and ‘why north-western Europe’. By looking at grain markets from the late seventeenth to the early twentieth century, this study concludes that the process of commodity market integration...

Persistent link: https://www.econbiz.de/10005870461

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