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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

The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866-1897

Rousseau, Peter L. - 2010

The rapid growth of deposits in New York City over the three decades following the Civil War is often attributed to the release of pent-up demand for the services that transactions accounts could provide. I advance a complementary explanation that centers on the existence of an increasingly...

Persistent link: https://www.econbiz.de/10012462885

American Banking and the Transportation Revolution Before the Civil War

Atack, Jeremy - 2014

database linked to a census of banking. These data indicate that those counties that already had a bank were more likely to see … railroad. The initial banking system thus helped establish the rail system, while the rapid expansion of railroads helped fill … in the banking map of the American Midwest …

Persistent link: https://www.econbiz.de/10012458467

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

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

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

Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds

Gordon, Robert J. - 2012

human history. The paper is only about the United States and views the future from 2007 while pretending that the financial …

Persistent link: https://www.econbiz.de/10012460333

A New Interpretation of Productivity Growth Dynamics in the Pre-Pandemic and Pandemic Era U.S. Economy, 1950-2022

Gordon, Robert J.; Sayed, Hassan - National Bureau of Economic Research - 2022

The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent …

Persistent link: https://www.econbiz.de/10013334484