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Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study
Ristuccia, Cristiano Andrea; Solomou, Solomos - 2014
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to...
Persistent link: https://www.econbiz.de/10010333435
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The long road to accommodative central banking: the US case
Knodell, Jane - In: European Journal of Economics and Economic Policies: … 17 (2020) 3, pp. 325-338
For Basil Moore and post-Keynesians who have followed him in developing the theory of endogenous money, accommodative central-bank behavior is a logical necessity in credit-money economies. Such central banks have no choice but to accommodate the banking system's demand for liquidity....
Persistent link: https://www.econbiz.de/10014363395
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Market sentiment, financial fragility, and economic activity: The role of corporate securities issuance
Dieckelmann, Daniel - 2021
Using new quarterly U.S. data for the past 120 years, I show that sudden reversals in equity and credit market sentiment approximated by several measures of corporate securities issuance are highly predictive of banking crises and recessions. Deviations in equity issuance from historical...
Persistent link: https://www.econbiz.de/10012432076
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Nineteenth Century Body Mass, Height, and Weight: Inequality across Quantiles
Carson, Scott A. - 2021
The definition of inequality is complicated and difficult to assess, and there are various means by which it is evaluated. This study uses the now well-accepted measures of body mass, height, and weight to assess inequality’s relationship with current and cumulative net nutrition. Taller...
Persistent link: https://www.econbiz.de/10012599222
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The U.S. business cycle, 1867-1995: Dynamic factor analysis vs. reconstructed national accounts
Ritschl, Albrecht; Sarferaz, Samad; Uebele, Martin - 2008
This paper presents insights on U.S. business cycle volatility since 1867 de- rived from diffusion indices. We employ a Bayesian dynamic factor model to obtain aggregate and sectoral economic activity indices. We find a remarkable increase in volatility across World War I, which is reversed...
Persistent link: https://www.econbiz.de/10010263751
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Modern health standards for peoples of the past: biological conditions by race in the American South, 1873 - 1919
Carson, Scott Alan - 2006
Recent modern life expectancy improvements rely heavily on medical intervention; however, before the mid-20th century, increased longevity was primarily the result of improved nutrition and less virulent disease environments. Moreover, 19th century health conditions varied by race, especially in...
Persistent link: https://www.econbiz.de/10010264044
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Reducing Racial Inequality in Access to the Ballot Reduces Racial Inequality in Children's Later-Life Outcomes
Jones, Daniel; Shi, Ying - 2022
The Voting Rights Act (VRA) of 1965 removed barriers to voting for Black Americans in the South; existing work documents that this in turn led to shifts in the distribution of public funding towards areas with a higher share of Black residents and also reduced Black-White earnings disparities....
Persistent link: https://www.econbiz.de/10013177736
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The Legacies of Slavery in and out of Africa
Bertocchi, Graziella - 2015
The slave trades out of Africa represent one of the most significant forced migration experiences in history. In this paper I illustrate their long-term consequences. I first consider the influence of the slave trade on the "sending" countries in Africa, with attention to their economic,...
Persistent link: https://www.econbiz.de/10011307316
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Slavery, racial inequality, and education
Bertocchi, Graziella - In: IZA World of Labor (2015)
Latin America up until the 19th century. However, the influence of slavery differs significantly across countries and …
Persistent link: https://www.econbiz.de/10011404956
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Slavery, education, and inequality
Bertocchi, Graziella; Dimico, Arcangelo - 2010
We investigate the impact of slavery on the current performances of the US economy. Over a cross section of counties …, we find that the legacy of slavery does not affect current income per capita, but does affect current income inequality …. Moreover, we find that the impact of slavery on current income inequality is determined by racial inequality. We test three …
Persistent link: https://www.econbiz.de/10010278600