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on Cultural Economics |
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Issue of 2015‒08‒30
three papers chosen by Roberto Zanola Università degli Studi del Piemonte Orientale “Amedeo Avogadro” |
| By: | Jeremiah Dittmar; Skipper Seabold |
| Abstract: | This research studies the role of competition in the diffusion of radical ideas and institutional change during the Protestant Reformation. We construct a new measure of religious content in the media using data on all known books and pamphlets printed in German-speaking Europe 1454-1600. We find that Protestant content was produced in greater quantity in local media markets with more competing firms when Martin Luther circulated his initial arguments for reform in 1517. We find that competition mattered differentially more for the diffusion of Protestant ideas and for institutional change where city governments had the least legal autonomy from feudal lords. We document the relationship between competition and diffusion directly and using the deaths of printers to isolate plausibly exogenous variation in competition. We show that cities where initial competition was greater, and which were more exposed to Protestant ideas, were more likely to adopt the legal institutions of the Reformation. |
| Keywords: | competition, firms, media, technology, institutions, religion, politics, high-dimensional data |
| JEL: | D02 O3 N33 N94 P48 Z12 L82 |
| Date: | 2015–08 |
| URL: | http://d.repec.org/n?u=RePEc:cep:cepdps:dp1367&r=all |
| By: | Alesina, Alberto F; Giuliano, Paola |
| Abstract: | A growing body of empirical work measuring different types of cultural traits has shown that culture matters for a variety of economic outcomes. This paper focuses on one specific aspect of the relevance of culture: its relationship to institutions. We review work with a theoretical, empirical, and historical bent to assess the presence of a two-way causal effect between culture and institutions. |
| Keywords: | culture; institutions |
| JEL: | P16 Z1 |
| Date: | 2015–08 |
| URL: | http://d.repec.org/n?u=RePEc:cpr:ceprdp:10773&r=all |
| By: | Jeremiah Dittmar |
| Abstract: | This research studies how variations in competition and in media content characterized the use and impact of Gutenberg's printing press technology during the European Renaissance. The research constructs annual firm-level panel data on the publications produced by 7,000+ printing firms operating in over 300 European cities 1454-1600. Evidence on the timing of the premature deaths of firm owner-managers is used to isolate shocks to competition. Firms where owner-managers died experienced large negative shocks to output. However, at the city-level deaths of incumbent managers were associated with significant increases in entrance and with a positive and persistent impact on competition and city output. Variations in city supply induced by heterogeneous manager deaths are used to study the relationship between the diffusion of ideas in print and city growth. A uniquely strong relationship is observed between the new business education literature and local growth. This is consistent with historical research on the transformative impact business education ideas had on commercial practices and European capitalism. |
| Keywords: | Information technology, IO, media, growth, history, business education |
| JEL: | L1 N13 N33 N93 O11 O18 O33 |
| Date: | 2015–08 |
| URL: | http://d.repec.org/n?u=RePEc:cep:cepdps:dp1365&r=all |