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Start-Up Nation? Slave Wealth and Entrepreneurship in Civil War Maryland
González, Felipe - 2016
Slave property rights yielded a source of collateral as well as a coerced labor force. Using data from Dun and Bradstreet linked to the 1860 census and slave schedules in Maryland, we find that slaveowners were more likely to start businesses prior to the uncompensated 1864 emancipation, even...
Persistent link: https://www.econbiz.de/10012985586
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Spatial Competition, Innovation and Institutions : The Industrial Revolution and the Great Divergence
Desmet, Klaus - 2018
A market-size-only theory of industrialization cannot explain why England developed nearly two centuries before China. One shortcoming of such a theory is its exclusive focus on producers. We show that once we incorporate the incentives of factor suppliers' organizations such as craft guilds,...
Persistent link: https://www.econbiz.de/10012916601
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This Time is Different : A Panoramic View of Eight Centuries of Financial Crises
Reinhart, Carmen M. - 2008
This paper offers a quot;panoramicquot; analysis of the history of financial crises dating from England's fourteenth-century default to the current United States sub-prime financial crisis. Our study is based on a new dataset that spans all regions. It incorporates a number of important credit...
Persistent link: https://www.econbiz.de/10012772366
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International Aspects of the Great Depression and the Crisis of 2007 : Similarities, Differences, and Lessons
Grossman, Richard S. - 2011
-slump macroeconomic cycles. During both crises, world trade collapsed faster than world incomes and the trade decline was highly …
Persistent link: https://www.econbiz.de/10013133067
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Testing for the Economic Impact of the U.S. Constitution : Purchasing Power Parity Across the Colonies Versus Across the States, 1748-1811
Grubb, Farley - 2009
The U.S. Constitution removed real and monetary trade barriers between the states. By contrast, these states when they were British colonies exercised considerable real and monetary autonomy over their borders. Purchasing power parity is used to measure how much economic integration between the...
Persistent link: https://www.econbiz.de/10012766561
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Gaucho Banking Redux
della Paolera, Gerardo - 2009
Argentina's economic crisis has strong similarities with previous crises stretching back to the nineteenth century. A common thread runs through all these crises: the interaction of a weak, undisciplined, or corruptible banking sector, and some other group of conspirators from the public or...
Persistent link: https://www.econbiz.de/10012767777
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Yet Another Tale of Two Cities : Buenos Aires and Chicago
Campante, Filipe R. - 2009
Buenos Aires and Chicago grew during the nineteenth century for remarkably similar reasons. Both cities were conduits for moving meat and grain from fertile hinterlands to eastern markets. However, despite their initial similarities, Chicago was vastly more prosperous for most of the 20th...
Persistent link: https://www.econbiz.de/10013158537
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Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century
Cette, Gilbert - 2010
the United Kingdom and become the leading world economy. During the past 25 years, the four countries have also … extent also to France and Japan, a relative decline that was interrupted by the second world war (WW2); (iii) the remarkable … and knowledge spillovers. Most recently (in 2006), before the current financial world crisis, hourly labor productivity …
Persistent link: https://www.econbiz.de/10013149831
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Australian Growth : A California Perspective
McLean, Ian W.; Taylor, Alan M. - 2021
-periods, and over the longer term with respect to the growth in the size of their economies. Most important, the comparison of an …
Persistent link: https://www.econbiz.de/10013222238
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The Colonial Origins of Comparative Development : An Investigation of the Settler Mortality Data
Albouy, David - 2010
In a seminal contribution, Acemoglu, Johnson, and Robinson (2001) argue property-rights institutions powerfully affect national income, using estimated mortality rates of early European settlers to instrument capital expropriation risk. However 36 of the 64 countries in their sample are assigned...
Persistent link: https://www.econbiz.de/10012759109