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Did Vasco da Gama Matter for European Markets? Testing Frederick Lane's Hypotheses Fifty Years Later
O'Rourke, Kevin H. - 2005
spice markets were already well integrated with those in Iberia and northern Europe, implying that Portugal could not have … relative spice prices, that is, accounting for inflation. It also draws on evidence from Iberia and northern Europe. In …
Persistent link: https://www.econbiz.de/10012466787
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The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars
O'Rourke, Kevin H. - 2005
The paper provides a comparative history of the economic impact of the Revolutionary and Napoleonic Wars. By focussing on the relative price evidence, it is possible to show that the conflict had major economic effects around the world. Britain's control of the seas meant that it was much less...
Persistent link: https://www.econbiz.de/10012467339
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A Century of Missing Trade?
Estevadeordal, Antoni - 2001
In contemporary data, the measured factor content of trade is far smaller than its predicted magnitude in the pure Heckscher-Ohlin-Vanek framework, the so-called 'missing trade' mystery. We wonder if this problem has been there from the beginning: that is, we ask if the Heckscher-Ohlin theory...
Persistent link: https://www.econbiz.de/10012470423
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Commanding nature by obeying her : a review essay on Joel Mokyr's A Culture of Growth
Spolaore, Enrico - 2019
Why is modern society capable of cumulative innovation? In A Culture of Growth: The Origins of the Modern Economy, Joel Mokyr persuasively argues that sustained technological progress stemmed from a change in cultural beliefs. The change occurred gradually during the seventeenth and eighteenth...
Persistent link: https://www.econbiz.de/10012035061
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"Around the European Periphery 1870-1913 : Globalization, Schooling and Growth"
O'Rourke, Kevin H. - 1995
On average, the poor European periphery converged on the rich industrial core in the four or five decades prior to World War I. Some, like the three Scandinavian economies, used industrialization to achieve a spectacular convergence on the leaders, especially in real wages and living standards....
Persistent link: https://www.econbiz.de/10012473475
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The Rate of Return on Everything, 1870–2015
Jordà, Òscar - 2017
This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the...
Persistent link: https://www.econbiz.de/10012453601
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Clans, Guilds, and Markets : Apprenticeship Institutions and Growth in the Pre-Industrial Economy
de la Croix, David - 2016
In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions … explain the rise of Europe relative to regions that relied on the transmission of knowledge within extended families or clans …
Persistent link: https://www.econbiz.de/10012456543
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Social organizations and political institutions : why China and Europe diverged
Mokyr, Joel; Tabellini, Guido Enrico - 2023
Western Europe. An important factor, recognized in the literature, is that China centralized state institutions very early on …, while Europe remained politically fragmented for much longer. These initial differences, however, were amplified by the … different social organizations (clans in China, corporate structures in Europe) that spread in these two societies at the turn …
Persistent link: https://www.econbiz.de/10014265605
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The rate of return on everything, 1870-2015
Jordà, Òscar; Knoll, Katharina; Kuvshinov, Dmitry; … - 2018
This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the...
Persistent link: https://www.econbiz.de/10011794864