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Why did Victorian Britain invest so much capital abroad? We collect over 500,000 monthly returns of British and foreign securities trading in London and the United States between 1866 and 1907. These heretofore-unknown data allow us to better quantify the historical benefits of international...
Persistent link: https://www.econbiz.de/10010282738
The development of a well adapted financial system was a main part of the successful Swedish economic modernization in the latter half of the nineteenth century. In this paper it is shown that this development followed the pattern of a financial revolution. Major institutional and organizational...
Persistent link: https://www.econbiz.de/10010281253
In dieser Studie argumentieren wir für einen "Big Push" bei den Infrastrukturinvestitionen im größeren Europa. Wir … niedrigen Zinsen kann mit einem Beschäftigungseffekt von über 7 Millionen im größeren Europa gerechnet werden. Alleine auf der …The study concludes that Europe should respond to China's New Silk Road initiative with a coherent infrastructure …
Persistent link: https://www.econbiz.de/10012100204
In this paper, we analyze the effect of transport infrastructure investments in railways. As a testing ground, we use data from a new historical database that includes annual panel data on approximately 2,400 Swedish rural geographical areas during the period 1860-1917. We use a staggered event...
Persistent link: https://www.econbiz.de/10012703459
We study the effect of railroad access on urban population growth. Using GIS techniques,we match triennial population data for roughly 1000 cities in nineteenth-century Prussiato georeferenced maps of the German railroad network. We find positive short- andlong-term effects of having a station...
Persistent link: https://www.econbiz.de/10010312145
In this study we argue for a 'Big Push' in infrastructure investments in greater Europe. We propose the building of a … Central Europe with the Black Sea area and the Caspian Sea littoral states. A state-of-the-art motorway and high-speed railway … circumstances and at continued low interest rates, an employment creation of over 7 million can be expected in greater Europe. The …
Persistent link: https://www.econbiz.de/10012100166
This paper empirically tests the hypothesis that landed elites may block technological change and economic development if they fear that they will lose future political power (Acemoglu and Robinson (2002, 2006, and 2012). It exploits a plausible exogenous change in the distribution of political...
Persistent link: https://www.econbiz.de/10011917048
We examine the diffusion of steam technology across British counties during the eighteenth century. First, we provide new estimates for the regional variations in the timing, pace and extent of usage of steam engines. Our main data source is an updated version of the list of steam engines...
Persistent link: https://www.econbiz.de/10010328496
Management commissioned Professor Jean-Paul Abraham to write a commemorative report. His mandate was not to write a history of …
Persistent link: https://www.econbiz.de/10011689909