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Heblich, Stephan; Trew, Alex - 2015

We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...

Persistent link: https://www.econbiz.de/10011388174

Financial development and sectoral output growth in 19th century Germany

Diekmann, Katharina; Westermann, Frank - 2010

's emerging markets. …

Persistent link: https://www.econbiz.de/10010274780

Taking the Lord's Name in Vain: The Impact of Connected Directors on 19th Century British Banks

Grossman, Richard S.; Imai, Masami - 2014

This paper utilizes data on the presence of prominent individuals that is, those with political (e.g., Members of Parliament) and aristocratic titles (e.g., lords)--on the boards of directors of English and Welsh banks from 1879-1909 to investigate whether the appointment of well-connected...

Persistent link: https://www.econbiz.de/10010480859

Protectionism and Economic Growth : Causal Evidence from the First Era of Globalization

Potrafke, Niklas; Ruthardt, Fabian; Wuthrich, Kaspar - 2021

We investigate how protectionist policies influence short-run economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. The...

Persistent link: https://www.econbiz.de/10013227482

Regional Resources and Democratic Secessionism

Gehring, Kai - 2018

Although regional resources have been shown to influence secessionist conflicts in developing countries, their effect in established democracies has largely been neglected. We integrate resource value in a model on the optimal size of nations and show that regional wealth correlates positively...

Persistent link: https://www.econbiz.de/10012935315

Railways and the Productivity Gap in Italy: Persistence and Divergence after Unification

Pontarollo, Nicola; Ricciuti, Roberto - 2015

The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers … same time, the Kingdom of Italy started a large infrastructure project to spread railways, which were largely confined in … Northern Italy, all over the country. Using tools from spatial econometrics, we find that railways played a positive effect on …

Persistent link: https://www.econbiz.de/10011307101

What's in a Name? Initial Geography and German Urban Development

Nguyen, Duc A.; Brakman, Steven; Garretsen, Harry; … - 2023

Place names, or toponyms, provide insight into the initial geographical characteristics of settlements. We present a unique dataset of 3,705 German toponyms that includes the date of the first historical record mentioning the settlement and the date it was granted city rights. We show that the...

Persistent link: https://www.econbiz.de/10014377410

Urbanization and Growth: Why Did the Splendor of the Italian Cities in the Sixteenth Century not Lead to Transition?

Chiarini, Bruno; Marzano, Elisabetta - 2014

In this paper we investigate the relation between population, wages and urban population in the Italian economy. During the period examined, 1320-1870, the prevailing conditions were those of a poor, mainly agricultural economy with limited human capital and rudimentary technology. However,...

Persistent link: https://www.econbiz.de/10010435778

The Political Economy of the Prussian Three-Class Franchise

Becker, Sascha O.; Hornung, Erik - 2019

Did the Prussian three-class franchise, which politically over-represented the economic elite, affect policy-making? Combining MP-level political orientation, derived from all roll call votes in the Prussian parliament (1867–1903), with constituency characteristics, we analyze how local vote...

Persistent link: https://www.econbiz.de/10012141002

The Political Economy of the Prussian Three-Class Franchise

Becker, Sascha O. - 2019

Did the Prussian three-class franchise, which politically over-represented the economic elite, affect policy-making? Combining MP-level political orientation, derived from all roll call votes in the Prussian parliament (1867-1903), with constituency characteristics, we analyze how local vote...

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

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