Showing 1 - 10 of 1,396
This paper develops an analytical framework for studying colonial investment from the perspective of neoclassical political economy. The distinguishing feature of colonial investment in this model is that the metropolitan government restricts the amount of investment in the colony in order to...
Persistent link: https://www.econbiz.de/10012474530
price index reduced fertility by around 8 percent both immediately and in the years following the boom. We further document … female opportunity costs which dominated any household income effects resulting from the price boom …
Persistent link: https://www.econbiz.de/10012481385
hedge. We also explore valuation. The real price of gold is currently high compared to history. In the past, when the real … price of gold was above average, subsequent real gold returns have been below average consistent with mean reversion. On the … holdings to average per capita or per GDP holdings of developed countries, the real price of gold may rise even further from …
Persistent link: https://www.econbiz.de/10012459955
/15. In real terms, however, there was essentially no change in slave prices deflated either by a general consumer price index …, or the price of rice. Low Country slave prices were well above those in the West Indies and Maryland prior to the 1740s …
Persistent link: https://www.econbiz.de/10012471326
Two opposing views of the antebellum economy are tested. One is that aggregate economic activity was severely diminished and that unemployment was substantial and prolonged during several downturns. The alternative interpretation is that antebellum fluctuations were more apparent than real;...
Persistent link: https://www.econbiz.de/10012475839
dead authors - to examine the influence of longer copyrights on price. Difference-in-differences analyses, which compare … changes in the price of books by dead and living authors, indicate a substantial increase in price in response to an extension … indicate no differential increase. Historical evidence suggests that longer copyrights increase price by improving publishers …
Persistent link: https://www.econbiz.de/10012457146
In this chapter, I consider the benefits of viewing history through an evolutionary lens. In recent decades, a field of … to explain the history of human societies. I then turn to a discussion of how an evolutionary perspective provides …
Persistent link: https://www.econbiz.de/10012481254
The use of historical data has become a standard tool in economics, serving three main purposes: to examine the influence of the past on current economic outcomes; to use unique natural experiments to test modern economic theories; and to use modern economic theories to refine our understanding...
Persistent link: https://www.econbiz.de/10012482187
more sophisticated identification techniques, have moved beyond testing whether history matters, and attempt to identify … exactly why history matters. The most commonly examined channels include: institutions, culture, knowledge and technology, and …
Persistent link: https://www.econbiz.de/10012463749
This paper replicates a classic study of the American business elite. The older study done a half-century ago, reported the composition of business leaders a century ago. I have" drawn a sample of business leaders today to discover how much the composition of the" American business elite has...
Persistent link: https://www.econbiz.de/10012472609