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Infant industry protection has been the cornerstone of a debate on tariff policy that extends at least from the eighteenth century to the current day. In contrast to traditional neo-classical models of international trade that imply net negative effects, industrial organization and...
Persistent link: https://www.econbiz.de/10011263552
Historians have claimed that Canadian manufacturing grew in the nineteenth century largely because of the National Policy tariff. . In the case of the cotton textile sector, our findings cast serious doubt on the long-standing idea that the National Policy was indispensable to the growth of...
Persistent link: https://www.econbiz.de/10011210760
This paper investigates the determinants of skyscraper building cycles in Manhattan from 1895 to 2004. We first provide a simple model of the market for tall buildings. Then we empirically estimate the determinants of the time series of the number of skyscraper completions and their average...
Persistent link: https://www.econbiz.de/10005519050
Persistent link: https://www.econbiz.de/10005436058
Solow (1957) decomposed labor productivity growth into two components that are independent under Hicks neutrality: input growth and the residual, representing technical change. However, when technical change is Hicks biased, input growth is no longer independent of technical change, leading to...
Persistent link: https://www.econbiz.de/10005404228
Using unpublished manuscript census data for 1869/70 and 1879/80, we estimate that manufacturing establishments in the mid/late nineteenth century averaged about 10 months of fulltime operation per year; somewhat longer in 1880 fractionally less in 1870. Months of operation, however, varied...
Persistent link: https://www.econbiz.de/10005034011
We use establishment level data from the 1850-80 censuses of manufacturing to study the correlates of the use of steam power and the impact of steam power on labor productivity growth in nineteenth century American manufacturing. A key result is that establishment size mattered: large...
Persistent link: https://www.econbiz.de/10005004702
Most major American industrial business cycles from around 1880 to the First World War were caused by fluctuations in the size of the cotton harvest due to economically exogenous factors such as weather. Wheat and corn harvests did not affect industrial production; nor did the cotton harvest...
Persistent link: https://www.econbiz.de/10005580779
The great merger movement at the turn of the century significantly increased the concentration of many American manufacturing industries. It occurred just as many of them were beginning to electrify their production processes. The conjunction of these two events suggests a simple test of...
Persistent link: https://www.econbiz.de/10005769914
The steam engine is widely regarded as the icon of the Industrial Revolution and a prime example of a 'General Purpose Technology,' and yet its contribution to growth is far from transparent. This paper examines the role that a particular innovative design in steam power, the Corliss engine,...
Persistent link: https://www.econbiz.de/10005777931