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Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets

Mitchener, Kris James - 2012

This paper examines the impacts of banking market structure and regulation on economic growth using new data on banking market concentration and manufacturing industry-level growth rates for U.S. states during 1899-1929 — a period when the manufacturing sector was expanding rapidly and...

Persistent link: https://www.econbiz.de/10013115288

Historical Changes in the Demographics of Inventors in the United States

Andrews, Michael (contributor); … - 2017

Who invents? This is a central question to understanding possible barriers to entry in the innovation process. To address it, we match the Annual Report of the Commissioner of Patents from 1870 to 1940 to the corresponding U.S. Federal Population Censuses. This matching procedure provides a rich...

Persistent link: https://www.econbiz.de/10012964355

American Exceptionalism and the Benefits of Statehood : An Analysis of the Growth Effects of Joining the United States of America

Maseland, Robbert - 2020

Texas, California, Arizona, New Mexico, Colorado, Utah, Wyoming and Nevada had they not joined the USA. We show that the … growth paths of Puerto Rico, Cuba, the Philippines and Greenland in the scenario where they joined the USA at times in … institutional quality of the USA as a whole matches the quality predicted for New England most closely. This suggests that upon …

Persistent link: https://www.econbiz.de/10012842927

Did the 1918–19 Influenza Pandemic Kill the US Life Insurance Industry?

Cortes, Gustavo - 2020

We document two puzzling facts during the 1918–19 influenza outbreak. First, we find no significant differences among US life insurers' profitability before or after 1918. Second, there are fewer insurers in distress after the outbreak. We argue that an increase in insurance demand offset...

Persistent link: https://www.econbiz.de/10012822609

Did the 1918–19 Influenza Pandemic kill the U.S. Life Insurance Industry?

Cortes, Gustavo; Verdickt, Gertjan - 2021

No. We document two empirical facts for the U.S. life insurance sector during the 1918–19 Influenza pandemic. First, we find no significant differences among U.S. insurers’ profitability after 1918. Second, there were fewer insurers in distress after the pandemic outbreak. Using synthetic...

Persistent link: https://www.econbiz.de/10013214176

Did the founding of the Federal Reserve affect the vulnerability of the interbank system to systemic risk?

Carlson, Mark; Wheelock, David C. - 2016 - Draft: July 18, 2016

As a result of legal restrictions on branch banking, an extensive interbank system developed in the United States during the 19th century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through the interbank system to meet seasonal and other demands, but...

Persistent link: https://www.econbiz.de/10011578151

Transcending Internalism : On the Historiography of Technology in the United States

Dunlavy, Colleen A. - 2019

For more than a decade now [i.e., ca. 1983], historians of technology in the United States have been engaged in a collective historiographic endeavor to generate a "conceptual framework" or set of "organizing themes" that would finally give some coherence to the history of technology as an...

Persistent link: https://www.econbiz.de/10014105391

Rust Buckets : How the Jones Act Undermines U.S. Shipbuilding and National Security

Grabow, Colin - 2019

Since its inception, supporters of the Jones Act have claimed that the law is essential to U.S. national security. Although indefensible on economic grounds, Jones Act advocates argue that its restrictions promote the development of both a U.S. merchant marine and shipbuilding and repair...

Persistent link: https://www.econbiz.de/10014103125

Wealth of Two Nations : The U.S. Racial Wealth Gap, 1860-2020

Derenoncourt, Ellora; Kim, Chi Hyun; Kuhn, Moritz; … - National Bureau of Economic Research - 2022

The racial wealth gap is the largest of the economic disparities between Black and white Americans, with a white-to-Black per capita wealth ratio of 6 to 1. It is also among the most persistent. In this paper, we construct the first continuous series on white-to-Black per capita wealth ratios...

Persistent link: https://www.econbiz.de/10013334320

The Spanish Mission Legacy on Native American Reservations

Alston, Lee J.; Duggan, Marie Christine; Pastrana, … - National Bureau of Economic Research - 2022

We explore the long run impact of the Spanish missions on Native American outcomes in the early 20th century. Native communities who interacted with Spanish missionaries developed into enclaves which blended Catholicism with native culture. Some survived assaults on their property rights by...

Persistent link: https://www.econbiz.de/10013334468