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The rapid growth of equity markets in emerging economies over the past decade has prompted economists to raise important questions about their macroeconomic impact. Although the relative brevity of this expansion has made it challenging to perform such an evaluation, there remains a strong...
Persistent link: https://www.econbiz.de/10012471818
wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their …
Persistent link: https://www.econbiz.de/10012471890
World economies. Since all New World societies enjoyed high levels of product per capita early in their histories, the …-inclusive list of New World colonies with these conditions were the British settlements in the northern part of the North American …
Persistent link: https://www.econbiz.de/10012473960
The quality of the money stock declined during the banking crises of the early 1930s. Bank deposits did not serve as a …
Persistent link: https://www.econbiz.de/10012474387
regimes: 1830 to the late 1850s, the 1850s to World War I, the interwar decades, and the post-World War II experience. Third …
Persistent link: https://www.econbiz.de/10012474998