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Brunnermeier, Markus K.; Merkel, Sebastian; Sannikov, Yuliy - 2022

The price of a safe asset reflects not only the expected discounted future cash flows but also future service flows, since retrading allows partial insurance of idiosyncratic risk in an incomplete markets setting. This lowers the issuers’ interest burden and allows the government to run a...

Persistent link: https://www.econbiz.de/10013308246

Catch me iIf you can : education and catch-up in the industrial revolution

Becker, Sascha O.; Hornung, Erik; Woessmann, Ludger - 2009

industrialization itself. We find that basic education significantly accelerated non-textile industrialization in both phases of the …

Persistent link: https://www.econbiz.de/10010271786

Geography, non-homotheticity, and industrialization: A quantitative analysis

Breinlich, Holger; Cuñat, Alejandro - 2012

We propose a quantitative framework for the analysis of industrialization in which specialization in manufacturing or …

Persistent link: https://www.econbiz.de/10010288229

Information, coordination, and the industrialization of countries

Englmaier, Florian; Reisinger, Markus - 2006

The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the …

Persistent link: https://www.econbiz.de/10010261419

Trade Disruption, Industrialisation, and the Setting Sun of British Colonial Rule in India

Bonfatti, Roberto - 2020

Colonial trade encouraged the colonies to specialise in primary products. Did this prevent in-dustrialisation in the colonies? And did lack of industrialisation, in turn, help to keep the colonies under control? To answer these questions, we examine the impact of the temporary collapse in trade...

Persistent link: https://www.econbiz.de/10012826054

The Political Economy of the Prussian Three-Class Franchise

Becker, Sascha O. - 2019

Prussia's period of rapid industrialization. Contrary to the predominant view that the franchise system produced a …

Persistent link: https://www.econbiz.de/10012861476

A Machine-Learning History of English Caselaw and Legal Ideas Prior to the Industrial Revolution I : Generating and Interpreting the Estimates

Grajzl, Peter; Murrell, Peter - 2021

The history of England’s institutions has long informed research on comparative economic development. Yet to date there exists no quantitative evidence on a core aspect of England’s institutional evolution, that embodied in the accumulated decisions of English courts. Focusing on the two...

Persistent link: https://www.econbiz.de/10013314767

Technology Transfer and Early Industrial Development : Evidence from the Sino-Soviet Alliance

Giorcelli, Michela; Li, Bo - 2022

This paper studies the causal effect of technology and knowledge transfers on early industrial development. Between 1950 and 1957, the Soviet Union supported the “156 Projects” in China for building technologically advanced industrial facilities. We exploit idiosyncratic delays in project...

Persistent link: https://www.econbiz.de/10013306848

The Green Industrial Revolution – Investment Pathways to Decarbonize the Industrial Sector in Europe

Zimmer, Markus; Hoffmann, Patrick - 2023

The industrial sector is responsible for roughly one quarter of global greenhouse-gas (GHG) emissions. To align sector pathway developments with overarching net-zero transition goals in different industries, governments are required to understand sectoral reduction potentials to efficiently...

Persistent link: https://www.econbiz.de/10014347826

The Impact of Industrialization on Secondary Schooling During the Industrial Revolution : Evidence from 19th Century France

Franck, Raphael - 2023

This study explores the impact of industrialization on secondary schooling in 19th century France. As a source of … exogenous variation in industrialization across the French territory, it takes advantage of the openings and closures of mines … that industrialization had a negative but mostly insignificant effect on high-school enrollment. However, industrialization …

Persistent link: https://www.econbiz.de/10014262693