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We analyze factors explaining the very different patterns of industrialization across the 42 counties of England … between 1760 and 1830. Against the widespread view that high wages and cheap coal drove industrialization, we find that … industrialization was restricted to low wage areas, while energy availability (coal or water) had little impact Instead we find that …
Persistent link: https://www.econbiz.de/10011373582
Sustained economic growth in England can be traced back to the early seventeenth century. That earlier growth, albeit modest, both generated and was sustained by a demographic regime that entailed relatively high wages, and by an increasing endowment of human capital in the form of a relatively...
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successful industrialization occurs in regions that start with low wages and high mechanical skills, and show that these two … contrast, literacy and access to capital have no power in predicting industrialization, nor does proximity to coal. Although …
Persistent link: https://www.econbiz.de/10012231403
capabilities facilitated industrialization in two important ways. First, a large supply of instrument and watch makers provided …
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of a transformation from an industrial economy into a knowledge-based one. Not only do quantitative measures, whether in … knowledge throughout the economy. This article presents an analysis of the KIBS sector based on a literature review. In the …
Persistent link: https://www.econbiz.de/10011802035
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To rationalize a substantial income share of labor despite progressive task automation over the centuries, we present a simple model in which demand moves along a vertically differentiated production structure toward goods of increasing sophistication. Automation of more sophisticated goods...
Persistent link: https://www.econbiz.de/10012012963