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Wars and markets : how bond values reflect World War II

Frey, Bruno S.; Kucher, Marcel - 1999

Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...

Persistent link: https://www.econbiz.de/10009781716

Overcoming History through International Organizations – Historical Roots of EU Support and Euroscepticism

Gehring, Kai - 2019

There is little causal evidence about deep-rooted sources of support for shifting power from nation-states to international organizations. Focusing on the European Union, this paper develops the hypothesis that citizens appreciate the role of international organizations in constraining member...

Persistent link: https://www.econbiz.de/10012862881

Assessing market (dis)integration in early modern China and Europe

Bernhofen, Daniel M.; Eberhardt, Markus; Liang, Yusheng; … - 2015

This paper challenges established claims of comparable degrees of market integration in Europe and China on the eve of industrialization. Our empirical strategy focuses on the dynamics of price convergence and accounts for general equilibrium effects arising from common shocks and network...

Persistent link: https://www.econbiz.de/10011375678

Assessing Market (Dis)Integration in Early Modern China and Europe

Bernhofen, Daniel M. - 2015

Persistent link: https://www.econbiz.de/10013011330

Engineering Growth : Innovative Capacity and Development in the Americas

Maloney, William F.; Valencia Caicedo, Felipe - 2021

This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...

Persistent link: https://www.econbiz.de/10013315467

Innovation networks in the industrial revolution

Rosenberger, Lukas; Hanlon, W. Walker; Hallmann, Carl - 2024

How did Britain sustain faster rates of economic growth than comparable European countries, such as France, during the Industrial Revolution? We argue that Britain possessed an important but underappreciated innovation advantage: British inventors worked in technologies that were more central...

Persistent link: https://www.econbiz.de/10015051728

Health during industrialization : evidence from the 19th century Pennsylvania state prison system

Carson, Scott Alan (contributor) - 2007

Persistent link: https://www.econbiz.de/10003497522

The impact of entrepreneurial risk aversion on wages in general equilibrium

Feng, Ying; Rauch, James E. - 2015

One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk …

Persistent link: https://www.econbiz.de/10010519937

Dynastic entrepreneurship, entry, and non-compete enforcement

Rauch, James E. - 2015

We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …

Persistent link: https://www.econbiz.de/10010528295

The gender gap in entrepreneurship : not just a matter of personality

Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander; … - 2014

Why do entrepreneurship rates differ so markedly by gender? Using data from a large, representative German household … panel, we investigate to what extent personality traits, human capital, and the employment history influence the start …-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk …

Persistent link: https://www.econbiz.de/10010354771

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