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, slavery wealth is strongly correlated with economic development - slave-holding areas are less agricultural, closer to cotton … mills, and have higher property wealth. We rationalize these findings using a dynamic spatial model, where slavery … overseas slave wealth. Overall, our findings are consistent with the view that slavery wealth accelerated Britain's industrial …
Persistent link: https://www.econbiz.de/10013388807
affect its dominant values, we examine the case of the movement for the abolition of slavery in the late 18th and early 19th … values and weak economic interest in the status quo to mobilize for change. Using data on anti-slavery petitions, membership … parliamentary speeches to show that industrialists were relatively less reliant on income from slavery and were characterized by a …
Persistent link: https://www.econbiz.de/10014372465
peripheral industrialization stretch into the late 19th century, the high point of peripheral industrialization was the 1950 …-1973 period, which saw widespread import- substituting industrialization. This period was also the high point of unconditional …
Persistent link: https://www.econbiz.de/10012460439
During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But why was Britain the technological leader? We argue that one hitherto little recognized British advantage was the supply of highly skilled, mechanically able craftsmen who were...
Persistent link: https://www.econbiz.de/10012461665
During Britain's industrialization, Parliament operated a forum where rights to land and resources could be reorganized …
Persistent link: https://www.econbiz.de/10012462955
, and the transition to skill-biased technological change. The simulated model tracks British industrialization in the 18th …
Persistent link: https://www.econbiz.de/10012464163
For two decades, the consensus explanation of the British Industrial Revolution has placed technological change and the supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations have placed an emphasis on the importance of trade...
Persistent link: https://www.econbiz.de/10012464570
At some point in the first half of the 19th century per capita GDP in the United Kingdom and the United States began to grow at something like one to two percent per year and have continued to do so up to the present. Now incomes in many economies routinely grow at 2 percent per year and some...
Persistent link: https://www.econbiz.de/10012455135
We provide quantitative analyses of two striking historical episodes, the timing of the Industrial Revolution in England, and the sources of U.S. economic fluctuations between 1889-1929. Applying data from 1245-1845 within the "Malthus to Solow" framework shows that the timing of the Industrial...
Persistent link: https://www.econbiz.de/10012482309
Why was the Industrial Revolution successful at generating sustained growth? Some have argued that there was a fundamental change in the way that new technology was developed during this period, but evidence for this argument remains largely anecdotal. This paper provides direct quantitative...
Persistent link: https://www.econbiz.de/10012938720