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The contributions of Harold Demsetz offer key insights on how property rights and transaction costs shape economic organization. This guides our comparison of agricultural organization in two comparable regions, the Argentine Pampas and the US Midwest. In the US, land was distributed in small...
Persistent link: https://www.econbiz.de/10013291252
potential long-run impact on individuals over decades and even generations. History, however, offers a solution. Historical … long-run effects on health, labor, and human capital of both historical pandemics (with a focus on the 1918 Influenza …
Persistent link: https://www.econbiz.de/10012823387
We use the World Bank Investment Climate Surveys data to analyze the employment of both labor and capital in Indian … manufacturing. We focus on disparities among states in manufacturing employment patterns, and provide reduced form evidence of their …
Persistent link: https://www.econbiz.de/10012758574
supply of labor encourages technological progress. In contrast, the famous Habakkuk hypothesis in economic history claims …This paper studies the conditions under which the scarcity of a factor (in particular, labor) encourages technological … that technological progress was more rapid in 19th-century United States than in Britain because of labor scarcity in the …
Persistent link: https://www.econbiz.de/10013223003
Agriculture dominated the economy of eighteenth-century British America, and the pace of agricultural productivity … based on the value of slave labor and on measurements of total agricultural production in the region. Despite differences in …
Persistent link: https://www.econbiz.de/10013227030
Property rights are the most fundamental institution in any society. They determine who has decision-making authority over assets and who bears the costs and benefits of those decisions. They assign ownership, wealth, political influence, and social standing. They make markets possible; define...
Persistent link: https://www.econbiz.de/10012920373
This paper examines the economics of large scale institutional change by studying the adoption of the land demarcation practices within the British Empire during the 17th through 19th Centuries. The advantages of systematic, coordinated demarcation, such as with the rectangular survey, relative...
Persistent link: https://www.econbiz.de/10013146518
We present a conceptual framework to better understand the interaction between settlement and the emergence of de facto property rights on frontiers prior to governments establishing and enforcing de jure property rights. In this framework, potential rents associated with more exclusivity drives...
Persistent link: https://www.econbiz.de/10013151034
(misallocation) and (2) the allocation of workers across sectors, in particular the type of farmers who operate in agriculture …We use household-level panel data from China and a quantitative framework to document the ex- tent and consequences of … factor misallocation in agriculture. We find that there are substantial frictions in both the land and capital markets linked …
Persistent link: https://www.econbiz.de/10012965435
In a famous paper, Kenneth Sokoloff argued that the labor input of entrepreneurs was generally not included in the … thumb" imputation for the entrepreneurial labor input. Using establishment level manufacturing data from the 1850 …-80 censuses and textual evidence I argue that, contrary to Sokoloff's claim, the census did generally include the labor of …
Persistent link: https://www.econbiz.de/10013080210