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We examine the diffusion of steam technology across British counties during the eighteenth century. First, we provide new estimates for the regional variations in the timing, pace and extent of usage of steam engines. Our main data source is an updated version of the list of steam engines...
Persistent link: https://www.econbiz.de/10008909578
Persistent link: https://www.econbiz.de/10002133832
In this paper we investigate whether long run time series of income per capita are better described by a trend-stationary model with few structural changes or by unit root processes in which permanent stochastic shocks are responsible for the observed growth discontinuities. To this purpose, we...
Persistent link: https://www.econbiz.de/10012098522