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Institutions and Technological Innovation During the Early Economic Growth : Evidence from the Great Inventors of the United States, 1790-1930
Khan, B. Zorina - 2004
Employing a sample of renowned U.S. inventors that combines biographical detail with information on the patents they received over their careers, we highlight the impact of early U.S. patent institutions in providing broad access to economic opportunity and in encouraging trade in new...
Persistent link: https://www.econbiz.de/10012467721
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Global Income Divergence, Trade and Industrializatiion : The Geography of Growth Take-Offs
Baldwin, Richard E. - 1998
phenomena - the industrialization and growth take-off of rich northern' nations, massive global income divergence, and rapid …
Persistent link: https://www.econbiz.de/10012472347
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Macroeconomic Conditions and the Puzzles of Credit Spreads and Capital Structure
Chen, Hui - 2010
I build a dynamic capital structure model that demonstrates how business-cycle variations in expected growth rates, economic uncertainty, and risk premia influence firms' financing and default policies. Countercyclical fluctuations in risk prices, default probabilities, and default losses arise...
Persistent link: https://www.econbiz.de/10012462506
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Financiers vs. Engineers : Should the Financial Sector be Taxed or Subsidized?
Philippon, Thomas - 2007
I study the allocation of human capital in an economy with production externalities, financial constraints and career choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but innovators face borrowing constraints and require the...
Persistent link: https://www.econbiz.de/10012465087
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Speculative Growth : Hints from the US Economy
Caballero, Ricardo - 2004
We propose a framework for understanding recurrent historical episodes of vigorous economic expansion accompanied by extreme asset valuations, as exhibited by the U.S. in the 1990s. We interpret this phenomenon as a high-valuation equilibrium with a low effective cost of capital based on...
Persistent link: https://www.econbiz.de/10012468175
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Externalities and Industrial Development
Henderson, J. Vernon - 1994
Using a panel data set of county-level employment in machinery, electrical machinery, primary metals, transportation, and instruments, this paper analyzes the role of dynamic externalities for individual industries. Key issues examined include the role of externalities from own industry...
Persistent link: https://www.econbiz.de/10012474195
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Could the U.S. Iron Industry Have Survived Free Trade After the Civil War?
Irwin, Douglas A. - 2000
An unresolved question concerning post-Civil War U.S. industrialization is the degree to which import tariffs protected …
Persistent link: https://www.econbiz.de/10012471127
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Investment in Fixed and Working Capital During Early Industrialization : Evidence From U.S. Manufacturing Firms
Sokoloff, Kenneth L. - 1984
investment during early industrialization. Although several manufacturing industries, such as cotton textiles, depart from the … per unit of labor is also presented, serving to undercut the notion that the early period of industrialization was based …
Persistent link: https://www.econbiz.de/10012477705
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The Relative Productivity Hypothesis of Industrialization : The American Case, 1820-1850
Goldin, Claudia; Sokoloff, Kenneth L. - National Bureau of Economic Research - 1981
. Industrialization in the Northeast was substantially powered during these decades by female and child labor, who comprised about 45% of … hypothesis of early industrialization is that such development proceeds first in areas whose agriculture, for various reasons … develop seven propositions relating to the process of early industrialization. Data from two early censuses of manufactures …
Persistent link: https://www.econbiz.de/10012478393
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The Trend of BMI Values of US Adults by Centiles, birth cohorts 1882-1986
Komlos, John - 2010
Trends in BMI values are estimated by centiles of the US adult population by birth cohorts 1886-1986 stratified by ethnicity. The highest centile increased by some 18 to 22 units in the course of the century while the lowest ones increased by merely 1 to 3 units. Hence, the BMI distribution...
Persistent link: https://www.econbiz.de/10012462403