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The German government introduced compulsory accident insurance for industrial firms in 1884. This insurance scheme was one of the main pillars of Bismarck’s famous social insurance system. The accident-insurance system achieved only one of its intended goals: it successfully compensated...
Persistent link: https://www.econbiz.de/10010908073
Reconstructing the complex supplier network of the famous JU 88 air armament programme, this article shows that outsourcing activities increased considerably in wartime Germany. The resulting inter-firm division of labour did not lead only to a quite effective protection of the German aircraft...
Persistent link: https://www.econbiz.de/10010954021
Analysing 474 cases of firms going public in the German capital between 1892 and 1913, we show that innovative firms could rely on the Berlin stock market as a source of financing. The data also reveal that initial public offerings (IPO) of innovative firms were characterized by particularly low...
Persistent link: https://www.econbiz.de/10011266534
Which factors caused the growing international competitiveness of German mechanical engineering industry in the pre-World War I period? In this paper, we want to address this question and elucidate whether or not the international market success of machine builders in the German Empire was...
Persistent link: https://www.econbiz.de/10005234139
Persistent link: https://www.econbiz.de/10005372018
We use a newly developed data set of 39,343 high-value patents granted between 1877 and 1918 to demonstrate that technological progress during German industrialization occurred in at least four different technological waves. We distinguish the railway wave (1877-86), the dye wave (1887-96), the...
Persistent link: https://www.econbiz.de/10005321343
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Armament minister Albert Speer is usually credited with causing the boom in German armament production after 1941. This paper uses the annual audit reports of the Deutsche Revisions- und Treuhand AG for seven firms which together represented about 50 % of the German aircraft producers. We...
Persistent link: https://www.econbiz.de/10005357709
The German population's material standard of living during the 'peace years' of the Nazi regime (1933-38) is much debated. We use hitherto disregarded consumption data and the axiom of revealed preferences to test whether the material standard of living improved. We find that the food...
Persistent link: https://www.econbiz.de/10009643171
Today, German machine toolmakers accuse their Chinese competitors of violating patent rights and imitating German technology. A century ago, German machine toolmakers used the same methods to imitate American technology. To understand the dynamics of this catching-up process, we use patent...
Persistent link: https://www.econbiz.de/10009645112