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Emerging Financial Markets and Early U.S. Growth

Rousseau, Peter L. - 1999

. The analysis includes a set of multivariate time series models that relate measures of banking and equity market activity …

Persistent link: https://www.econbiz.de/10012471335

Banks, Free Banks, and U.S. Economic Growth

Jaremski, Matthew - 2012

The "Federalist financial revolution" may have jump-started the U.S. economy into modern growth, but the Free Banking … System (1837-1862) did not play a direct role in sustaining it. Despite lowering entry barriers and extending banking into …

Persistent link: https://www.econbiz.de/10012460638

Did Railroads Make Antebellum U.S. Banks More Sound?

Atack, Jeremy - 2014

" banking outcomes. Although railroads improved economic conditions along their routes, we offer evidence of another channel …

Persistent link: https://www.econbiz.de/10012458632

Measuring Economic Growth from Outer Space

Henderson, J. Vernon - 2009

GDP growth is often measured poorly for countries and rarely measured at all for cities or subnational regions. We propose a readily available proxy: satellite data on lights at night. We develop a statistical framework that uses lights growth to augment existing income growth measures, under...

Persistent link: https://www.econbiz.de/10012463450

Post-1500 Population Flows and the Long Run Determinants of Economic Growth and Inequality

Putterman, Louis - 2008

state history and the timing of transition to agriculture have much better predictive power for current GDP when one looks … at the ancestors of the people who currently live in a country than when one considers the history on that country …'s ancestors. An even better predictor of current inequality in a country is the variance of early development history of the …

Persistent link: https://www.econbiz.de/10012464199

Legal-Political Factors and the Historical Evolution of the Finance-Growth Link

Bordo, Michael D. - 2006

Recent cross-country investigations of the role of institutional fundamentals such as the protection of property rights in promoting financial development have extended a literature that has for decades maintained that financial factors can affect real outcomes. In this paper we pursue this new...

Persistent link: https://www.econbiz.de/10012466634

Accounting for the Effect of Health on Economic Growth

Weil, David N. - 2005

I use microeconomic estimates of the effect of health on individual outcomes to construct macroeconomic estimates of the proximate effect of health on GDP per capita. I employ avariety of methods to construct estimates of the return to health, which I combine with cross-country and historical...

Persistent link: https://www.econbiz.de/10012467224

Appropriate Technology and Growth

Basu, Susanto - 1996

We present a model of growth and technology transfer based on the idea that technologies are specific to particular combinations of inputs. We argue that this model is more realistic than the usual specification, in which an improvement in any technique for producing a given good improves all...

Persistent link: https://www.econbiz.de/10012472963

The Global Spatial Distribution of Economic Activity : Nature, History, and the Role of Trade

Henderson, J. Vernon - 2016

We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...

Persistent link: https://www.econbiz.de/10012456530

The Demise of U.S. Economic Growth : Restatement, Rebuttal, and Reflections

Gordon, Robert J. - 2014

The United States achieved a 2.0 percent average annual growth rate of real GDP per capita between 1891 and 2007. This paper predicts that growth in the 25 to 40 years after 2007 will be much slower, particularly for the great majority of the population. Future growth will be 1.3 percent per...

Persistent link: https://www.econbiz.de/10012458768