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The annexation of Bukovina by the Habsburg Empire was a decisive moment for its economic and social evolution. The … occupation of the province, Bukovina underwent spectacular transformation, stimulated by the development of infrastructure and by …
Persistent link: https://www.econbiz.de/10009322705
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
We examine how pre-industrial English caselaw development on land, inheritance, and families affected, and was affected by, economic and demographic outcomes. Our yearly measures of caselaw development are derived from existing topic-model estimates that reflect a comprehensive corpus of reports...
Persistent link: https://www.econbiz.de/10013312444
We test various hypotheses about the causes of the Little Divergence, using new data and focusing on trends in GDP per capita and urbanization. We find evidence that confirms the hypothesis that human capital formation was the driver of growth, and that institutional changes (in particular the...
Persistent link: https://www.econbiz.de/10012669454
Why is modern society capable of cumulative innovation? In A Culture of Growth: The Origins of the Modern Economy, Joel Mokyr persuasively argues that sustained technological progress stemmed from a change in cultural beliefs. The change occurred gradually during the seventeenth and eighteenth...
Persistent link: https://www.econbiz.de/10012865698
revolution, by applying three different measures of market integration to a compilation of monthly and annual price data. In …
Persistent link: https://www.econbiz.de/10005047862
Britain's labour force industrialised early. The industrial and service sectors already accounted for 40% of the labour force in 1381, and a substantial further shift of labour out of agriculture occurred between 1522 and 1700. From the early seventeenth century rising agricultural labour...
Persistent link: https://www.econbiz.de/10010603170
The extent to which fixed factors of production such as land constrain per-capita income growth has been a widely discussed topic in economics since at least Malthus (1798). Whether fixed factors limit growth depends crucially on two variables: the substitutability of fixed factors in...
Persistent link: https://www.econbiz.de/10010659026
We highlight a new factor behind integration: tolerance in the immigrants' background culture. We hypothesize that it … individual-level economic, civic-political, and cultural integration outcomes for immigrants of the second generation with data … integration among children of immigrants in European societies. …
Persistent link: https://www.econbiz.de/10014542149
We highlight a new factor behind integration: tolerance in the immigrants' background culture. We hypothesize that it … individual-level economic, civic-political, and cultural integration outcomes for immigrants of the second generation with data … integration among children of immigrants in European societies. …
Persistent link: https://www.econbiz.de/10013465286