Showing 1 - 10 of 417
There were substantial fluctuations in the numbers of American overseas travelers, especially before World War II. These fluctuations in travel around the robust, long term upward trend are the focus of this paper. We first identify those fluctuations in the raw data and then try to explain the...
Persistent link: https://www.econbiz.de/10012463801
In his seminal publications between the 1930s and 1960s, Frederick Lane offered three hypotheses regarding the impact of the Voyages of Discovery that have guided debate ever since. First, pepper and other spice prices did not rise in European markets in the century before the 1490s, and thus...
Persistent link: https://www.econbiz.de/10012466787
. We do so using detailed, near-universal data on shipping firms' new orders, secondary-market transactions, and demolition …-defined shipping sectors to corroborate our findings. Critically, uncertainty prompts firms to concentrate their fleets into narrower …
Persistent link: https://www.econbiz.de/10012585455
A pervasive problem in the literature on the health costs of pollution is that optimizing individuals may compensate for increases in pollution by reducing their exposure to protect their health. This implies that estimates of the health effects of pollution may vastly understate the full...
Persistent link: https://www.econbiz.de/10012463709
engine on skill demand and the wage structure in the merchant shipping industry. We find that the technical change created a …
Persistent link: https://www.econbiz.de/10012467962
I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the … century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines …
Persistent link: https://www.econbiz.de/10012473179
We study the causal connection between trade and development using one of the earliest massive trade expansions: the first systematic crossing of open seas in the Mediterranean during the time of the Phoenicians. We construct a measure of connectedness along the shores of the sea. This...
Persistent link: https://www.econbiz.de/10012452896
Maritime shipping emits as much fine particulate matter as half of global road traffic. We are the first to measure the …
Persistent link: https://www.econbiz.de/10013334399
In this paper we argue that in 19th century U.S, households and firms that were located in cities with banks enjoyed a higher level of both consumption and production amenities than those who were located in cities without banks. We use data on banks location and city population growth in the...
Persistent link: https://www.econbiz.de/10012462656
Between 1880 and 1920, the US agricultural employment share fell from 50% to 25%. However, despite aggregate demand shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non-agricultural parts of the US. We propose a spatial...
Persistent link: https://www.econbiz.de/10013388845