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In Malthusian economies, crop shortages could be a matter of life and death. The development of regional and national markets for grain held the potential to provide insurance against the demographic consequences of local crop failure. Weather shocks that are reflected in price data, however,...
Persistent link: https://www.econbiz.de/10012669484
The study develops a real wage series for Germany c. 1500-1850 and analyzes its relationship with population size. From 1690 data density allows the estimation of a structural time series model of this relationship. The major results are the following: First, there was a strong negative...
Persistent link: https://www.econbiz.de/10012669367
The characteristics of regional paths of industrialization had a deep impact on agricultural development during early industrialization in Germany. From 1840 rising incomes in the course of a "high wage-low energy cost" industrialization based on coal and steel and a rapid urbanization triggered...
Persistent link: https://www.econbiz.de/10012669389