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Zhang, Yaguang - 2015

We discuss business cycles in ancient China. Data on Ancient China business cycles are sparse and incomplete and so our discussion is qualitative rather than quantitative. Essentially, ancient debates focused on two types of cycles: long run political or dynastic cycles of many decades, and...

Persistent link: https://www.econbiz.de/10013013169

India'S De-Industrialization Under British Rule : New Ideas, New Evidence

Clingingsmith, David; Williamson, Jeffrey G. - 2021

India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19 … some decline, and India underwent secular de-industrialization as a consequence. While India produced about 25 percent of … organize our thinking about the relative role played by domestic and foreign forces in India's de-industrialization. The …

Persistent link: https://www.econbiz.de/10013224878

Less of a Luxury : The Rise of Recreation Since 1888

Costa, Dora L. - 2022

I show that recreation has become much more egalitarian over the last hundred years by estimating recreational expenditure elasticities in 1888-1890, 1917-1919, 1935-1936, 1972-1973, and 1991. I find that expenditure elasticities have fallen from around two at the beginning of the century to...

Persistent link: https://www.econbiz.de/10014158057

Historical Natural Experiments : Bridging Economics and Economic History

Cantoni, Davide; Yuchtman, Noam - 2022

The analysis of historical natural experiments has profoundly impacted economics research across fields. We trace the development and increasing application of the methodology, both from the perspective of economic historians and from the perspective of economists in other subdisciplines. We...

Persistent link: https://www.econbiz.de/10014101688

Recovery from the Great Depression : The Farm Channel in Spring 1933

Hausman, Joshua - 2017

From March to July 1933, industrial production rose 57 percent. We show that an important source of recovery was the effect of dollar devaluation on farm prices, incomes, and consumption. Devaluation immediately raised traded crop prices, and auto sales grew more rapidly in states and counties...

Persistent link: https://www.econbiz.de/10012962727

Israel's Triumph Over Inflation : The Long and Winding Road

Razin, Assaf - 2017

The paper gives an economic-history perspective of the long struggle with inflation. It covers the early acceleration to three-digit levels, lasting 8 years; The stabilization program, based on political backing triggered sharp fall in inflationary expectation, and consequently to sharp...

Persistent link: https://www.econbiz.de/10012964913

The Rise of American Ingenuity : Innovation and Inventors of the Golden Age

Akcigit, Ufuk - 2017

We examine the golden age of U.S. innovation by undertaking a major data collection exercise linking historical U.S. patents to state and county-level aggregates and matching inventors to Federal Censuses between 1880 and 1940. We identify a causal relationship between patented inventions and...

Persistent link: https://www.econbiz.de/10012965422

East Asian Financial and Economic Development

Morck, Randall - 2017

Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the 1930s. South Korea, among the world's poorest countries in the 1960s, joined the ranks of First World economies in little over a single generation. China now seems poised to follow...

Persistent link: https://www.econbiz.de/10012947025

Deposit Insurance and Depositor Monitoring : Quasi-Experimental Evidence from the Creation of the Federal Deposit Insurance Corporation

Anderson, Haelim Park - 2017

In the Banking Acts of 1933 and 1935, the United States created the Federal Deposit Insurance Corporation, which ensured deposits in commercial banks up to $5,000. Congress capped the size of insured deposits so that small depositors would not run on banks, but large and informed depositors –...

Persistent link: https://www.econbiz.de/10012947637

The Origins of Financial Development : How the African Slave Trade Continues to Influence Modern Finance

Levine, Ross - 2017

We assess how the African slave trade—which had enduring effects on social cohesion—continues to influence financial systems. After showing that the intensity with which people were enslaved and exported from Africa during the 1400 – 1900 period helps account for overall financial...

Persistent link: https://www.econbiz.de/10012948060