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Current orthodoxy suggests that the Industrial Revolution began in Europe because European institutions promoted comparatively high levels of market efficiency. This Paper compares the actual efficiency of markets in Europe and China, two regions of the world that were relatively advanced in the...
Persistent link: https://www.econbiz.de/10005114184
trade patterns in a historical dataset on Chinese rice prices. Our results suggest that spatial features were important for … the expansion of interregional trade. Geography dictates, first, over what distances trade was possible in different … the direction in which a trading network is expanding. Moreover, our analysis captures the impact of new trade routes both …
Persistent link: https://www.econbiz.de/10005661903
international technology diffusion; (ii) the importance of specific channels of diffusion, in particular trade and foreign direct …
Persistent link: https://www.econbiz.de/10005791520
for diffusion, which suggests that a substantial portion of international technology diffusion is unrelated to trade in …
Persistent link: https://www.econbiz.de/10005124371
for technology diffusion, how this has changed over time, and whether international trade, foreign direct investment, and … from the early 1970s to the 1990s. Third, I estimate that trade patterns account for the majority of all differences in …
Persistent link: https://www.econbiz.de/10005497902
In this paper, we provide aggregate trends in China’s trade performance from the 1840s to the present. Based on …, currently the world’s largest port. Shanghai began direct trade relations with western nations starting in 1843. By 1853 …, Shanghai already accounted for more than half of China’s foreign trade. In tracking the levels and growth rates of the city …
Persistent link: https://www.econbiz.de/10011084171
We estimate international technology spillovers to US manufacturing firms via imports and foreign direct investment (FDI) between the years 1987-96. In contrast to earlier work, our results suggest that FDI leads to significant productivity gains for domestic firms. The size of FDI spillovers is...
Persistent link: https://www.econbiz.de/10005661946
Persistent link: https://www.econbiz.de/10012649658
How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two decades? A long-run perspective may be important for understanding the process of economic development occurring today. This Paper compares the integration of rice markets in...
Persistent link: https://www.econbiz.de/10005136759
customs liberalizations and, more so, currency agreements improved trade possibilities. However, the impact of trains was …
Persistent link: https://www.econbiz.de/10005114182