Haan, Jakob de; Inklaar, Robert; Jong-A-Pin, Richard - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2005
The industrial revolution is mostly seen as a supply side phenomenon. Ever since Gilboy stated that factors of demand may have been equally important, scholars have stressed the importance of investments and technological change. This paper re-considers Gilboy?s ideas, using the dataset of the...