Showing 1 - 10 of 10
In this paper I survey and reinterpret the extensive literature on Europe's Great Depression. I argue that Europe could … policies could be effective. -- Great Depression ; Europe ; coordination failure …
Persistent link: https://www.econbiz.de/10008696770
Persistent link: https://www.econbiz.de/10003597971
This paper challenges established claims of comparable degrees of market integration in Europe and China on the eve of … from Western Europe we conclude that in terms of market integration the Great Divergence was well under way decades before …
Persistent link: https://www.econbiz.de/10011375678
This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...
Persistent link: https://www.econbiz.de/10010371915
This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...
Persistent link: https://www.econbiz.de/10010371916
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
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
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
- Judaism, Christianity, and Islam - and on the period up to WWII. Works on Judaism address Jewish occupational specialization … economic consequences in present-day Africa, Asia, and Latin America. Much of the economics of Islam focuses on the role that … Islam and Islamic institutions played in political-economy outcomes and in the "long divergence" between the Middle East and …
Persistent link: https://www.econbiz.de/10012229328
This paper studies the impact of Muslim rule on human capital development. Using a unique novel dataset containing yearly data on Muslim presence in the period 711-1492 and literacy rate in 1900 for about 7500 municipalities in Spain, we estimate the local impact of the length of Muslim rule in...
Persistent link: https://www.econbiz.de/10012200325