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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/10012456997

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

Clingingsmith, David - 2004

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/10012468107

Identifying Agglomeration Shadows : Long-run Evidence from Ancient Ports

Hornbeck, Richard; Michaels, Guy; Rauch, Ferdinand - National Bureau of Economic Research - 2024

We examine "agglomeration shadows" that emerge around large cities, which discourage some economic activities in nearby areas. Identifying agglomeration shadows is complicated, however, by endogenous city formation and "wave interference" that we show in simulations. We use the locations of...

Persistent link: https://www.econbiz.de/10014576663

Convergent Evolution Toward the Joint-Stock Company

Le Bris, David; Goetzmann, William N.; Pouget, Sébastien - National Bureau of Economic Research - 2023

The origin of the modern publicly-held joint-stock company is typically traced to large-scale maritime trading companies in England and the Netherlands in the early 17th century. Highlighting medieval cases in southern Europe, we claim that the joint-stock company likely emerged in several times...

Persistent link: https://www.econbiz.de/10014436952

Structural Transformation and Value Change : The British Abolitionist Movement

Figueroa, Valentin; Fouka, Vasiliki - National Bureau of Economic Research - 2023

What drives change in a society's values? From Marx to modernization theory, scholars have identified a connection between structural transformation and social change. To understand how changes in a society's dominant mode of production affect its dominant values, we examine the case of the...

Persistent link: https://www.econbiz.de/10014372465

The International Monetary System and International Financial System as an Analogy to the Copernican Heliocentric system : A simple multi-layers network model with simultaneous regime changes

Bordo, Michael D.; Bastidon, Cécile - National Bureau of Economic Research - 2023

The evolution of the IMS and IFS in the past several hundred years can be viewed through the lens of the Copernican heliocentric system developed over 500 years ago. We trace out the evolution across regimes of the IMS and IFS in terms of network representations of the Copernican system. We...

Persistent link: https://www.econbiz.de/10014372472

Industrial Policy and the Great Divergence

Juhász, Réka; Steinwender, Claudia - National Bureau of Economic Research - 2023

We discuss recent work evaluating the role of the government in shaping the economy during the long 19th century, a practice we refer to as industrial policy. We show that states deployed a vast variety of different policies aimed at, primarily, but not exclusively, fostering industrialization....

Persistent link: https://www.econbiz.de/10014372493

Currency Wars and Trade

Mitchener, Kris; Wandschneider, Kirsten - National Bureau of Economic Research - 2024

The Great Depression is the canonical case of a widespread currency war, with more than 70 countries devaluing their currencies relative to gold between 1929 and 1936. What were the currency war's effects on trade flows? We use newly-compiled, high-frequency bilateral trade data and gravity...

Persistent link: https://www.econbiz.de/10015171714

Did Tariffs Make American Manufacturing Great? New Evidence from the Gilded Age

Klein, Alexander; Meissner, Christopher M. - National Bureau of Economic Research - 2024

We study the relationship between tariffs and labor productivity in US manufacturing between 1870 and 1909. Using highly dis-aggregated tariff data, state-industry data for the manufacturing sector, and an instrumental variable strategy, results show that tariffs reduced labor productivity....

Persistent link: https://www.econbiz.de/10015145051

Capital Flow Stability and Policy Challenges in Southeast Asia : Historical Perspectives from the 19th to the 21st Century

Meissner, Christopher M.; Molnar-Tanaka, Kensuke - National Bureau of Economic Research - 2024

Over the last 200 years, economies have accumulated significant experience in managing capital flows in the face of globalization. This study examines management of capital flows since the 1800s with an eye towards providing historical lessons for Southeast Asia today. We start with the global...

Persistent link: https://www.econbiz.de/10015145096