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Heterogeneous Paths of Industrialization
Huneeus, Federico - 2020
Industrialization experiences differ significantly across countries. We use a bench-mark model of structural change to … countries can generate variation in industrialization experiences similar to those found in the data, including premature …
Persistent link: https://www.econbiz.de/10012481434
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The Farm, the City, and the Emergence of Social Security
Caucutt, Elizabeth M. - 2007
During the period from 1880 to 1950, publicly managed retirement security programs became an important part of the social fabric in most advanced economies. In this paper we study the social, demographic and economic origins of social security. We describe a model economy in which demographics,...
Persistent link: https://www.econbiz.de/10012465802
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Debt into Growth : How Sovereign Debt Accelerated the First Industrial Revolution
Ventura, Jaume - 2015
Why did the country that borrowed the most industrialize first? Earlier research has viewed the explosion of debt in 18th century Britain as either detrimental, or as neutral for economic growth. In this paper, we argue instead that Britain's borrowing boom was beneficial. The massive issuance...
Persistent link: https://www.econbiz.de/10012457387
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Spatial Structural Change
Eckert, Fabian; Peters, Michael - National Bureau of Economic Research - 2022
shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non …
Persistent link: https://www.econbiz.de/10013388845
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Structural Transformation and Value Change : The British Abolitionist Movement
Figueroa, Valentin; Fouka, Vasiliki - National Bureau of Economic Research - 2023
What drives change in a society's values? From Marx to modernization theory, scholars have identified a connection between structural transformation and social change. To understand how changes in a society's dominant mode of production affect its dominant values, we examine the case of the...
Persistent link: https://www.econbiz.de/10014372465
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Externalities and Industrial Development
Henderson, J. Vernon - 1994
Using a panel data set of county-level employment in machinery, electrical machinery, primary metals, transportation, and instruments, this paper analyzes the role of dynamic externalities for individual industries. Key issues examined include the role of externalities from own industry...
Persistent link: https://www.econbiz.de/10012474195
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Industrial Policy and the Great Divergence
Juhász, Réka; Steinwender, Claudia - National Bureau of Economic Research - 2023
, primarily, but not exclusively, fostering industrialization. We discuss the thin, but growing literature that evaluates the …
Persistent link: https://www.econbiz.de/10014372493
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Markets in China and Europe on the Eve of the Industrial Revolution
Shiue, Carol H. - 2004
compares the actual performance of markets in Europe and China, two regions of the world that were relatively advanced in the … findings suggest that relative levels of market function in China and Europe were similar prior to the Industrial Revolution …. Higher efficiency in Europe is seen only in the nineteenth century when industrialization was already underway. Moreover …
Persistent link: https://www.econbiz.de/10012467912
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Land Security and Mobility Frictions
Adamopoulos, Tasso; Brandt, Loren; Chen, Chaoran; … - National Bureau of Economic Research - 2022
data from China and an equilibrium quantitative framework that features the sorting of workers across locations and … covering rural land in China during the period …
Persistent link: https://www.econbiz.de/10012814441
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Business Cycle during Structural Change : Arthur Lewis' Theory from a Neoclassical Perspective
Storesletten, Kjetil - 2019
fluctuations of China …
Persistent link: https://www.econbiz.de/10012480126