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The world has seen two globalization booms over the past two centuries, and one bust. The first global century ended … concludes with four lessons of history and an agenda for international economists, including more attention to the impact of … globalization on commodity price structure, the causes of protection, the impact of world migration on poverty eradication, and the …
Persistent link: https://www.econbiz.de/10012469549
Persistent link: https://www.econbiz.de/10013480751
Transitions from high mortality and fertility to low mortality and fertility can be beneficial to economies as large baby boom cohorts enter the workforce and save for retirement, while rising longevity has perhaps increased both the incentive to invest in education and to save for retirement....
Persistent link: https://www.econbiz.de/10012467872
I study the impact of transportation on health in the rural US, 1820-1847. Measuring health by average stature, I find that greater transportation linkage, as measured by market access, in a cohort's county-year of birth had an adverse impact on its health. A one-standard deviation increase in...
Persistent link: https://www.econbiz.de/10012480597
Among countries colonized by European powers during the past 500 years those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal is...
Persistent link: https://www.econbiz.de/10012470258
monetary unions intact. Our main lesson from the history of monetary unions is that political factors will be the central …
Persistent link: https://www.econbiz.de/10012471419
Between 1870 and 1913, economic convergence among present OECD members (or even a wider sample of countries) was dramatic, about as dramatic as it has been over the past century and a half. The convergence can be documented in GDP per worker-hour, GDP per capita and in real wages. What were the...
Persistent link: https://www.econbiz.de/10012474217
the reasons why these two forces moved largely in parallel in the decades leading up to World War I, collapsed during the …
Persistent link: https://www.econbiz.de/10012480663
The Gold Pool (1961-1968) was one of the most ambitious cases of central bank cooperation in history. Major central …
Persistent link: https://www.econbiz.de/10012453697
Within-country ethnic diversity in high-wage immigrant nations is driven by long distance migration. This paper documents the migration-diversity connection for the first global century before 1914 and the second global century after 1950. It distinguishes between ethnic diversity among the...
Persistent link: https://www.econbiz.de/10012466114