Our study employs a difference-in-differences technique to test two channels of Dutch disease effects predicted by the theory. First, if there is a deindustrialization in resource-rich countries, then the outflow of resources from the manufacturing sector should put industries with higher...

"For over a century now, historians have debated the causes of the lagged industrialization of the Dutch economy during the nineteenth century. To this debate, Trials of Convergence brings the analytical perspective of prices, factor costs and the functioning of markets. Its critical insight is...

A major feat of research and synthesis, this book presents the first comprehensive history of the Dutch economy in the nineteenth century--an important but poorly understood piece of European economic history. Based on a detailed reconstruction of extensive economic data, the authors account for...