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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/10010424891
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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/10011295798
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Financial development and sectoral output growth in 19th century Germany
Diekmann, Katharina; Westermann, Frank - 2010
's emerging markets. -- economic growth ; financial development ; sectoral asymmetries …
Persistent link: https://www.econbiz.de/10008798813
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Banking and industrialization
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/10011342399
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Is the Italian public debt really unsustainable? : an historical comparison (1861-2010)
Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta - 2013
The aim of this paper is to analyze the sustainability of public debt in Italy during the last 150 years (1861-2010) by … Bank of Italy and Baffigi, 2011) and an original reconstruction of the revenues of the State. The key economic indicators …. (2011), we test for the sustainability of public debt in Italy, comparing four different historical periods. -- public debt …
Persistent link: https://www.econbiz.de/10009727085
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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/10010465141
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Protectionism and economic growth : causal evidence from the first era of globalization
Potrafke, Niklas; Ruthardt, Fabian; Wüthrich, Kaspar - 2020
We investigate how protectionist policies influence 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. We employ the...
Persistent link: https://www.econbiz.de/10012387616
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The historical roots of corruption and economic development in Italy
Petrarca, Ilaria; Ricciuti, Roberto - 2013
We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We test this hypothesis on a dataset of Italian provinces,...
Persistent link: https://www.econbiz.de/10009734834
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Law, human capital and the emergence of free city-states in medieval Italy
Belloc, Marianna; Drago, Francesco; Galbiati, Roberto - 2017 - This version: November 6, 2017
In this paper, we study how the birth of the first universities in Italy affected the emergence of the Italian free …
Persistent link: https://www.econbiz.de/10011745317
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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/10012065064