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on Business, Economic and Financial History |
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Issue of 2016‒09‒11
fourteen papers chosen by |
| By: | Babashkin, Vladimir Valentinovich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | To date, it found about three thousand rural settlements that existed in the territory of the Tomsk region in the period from 1939 to 1989. It is almost an exhaustive list of settlements that existed at that time in the region (as the disappearance of villages in the XVIII-XIX centuries. Was a very rare occurrence). Compiled summary table of these rural settlements, indicating the population in them in 1939, 1951, 1959, 1970, 1979, 1989. Also listed in the table the prospect of many of these rural settlements, which are used for regional planning projects in 1970 and 1978. Resulting in the course of this work, the picture of the recent past may be a factor in the evolution of the rural area in the near future. The researchers plan also includes the study of the earlier period of the region agrarian history, from the beginning of the XVII century. |
| Keywords: | rural communities, Russia, history |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:769&r=his |
| By: | Debin Ma; Weipeng Yuan |
| Abstract: | The Tong Taisheng (统泰升) merchant account books in Ningjin county of northern China in 1800-1850 constitute the most complete and integrated surviving archive of a family business for pre-modern China. They contain unusually detailed and high-quality statistics on exchange rates, commodity prices and other information. Utilized once in the 1950s, the archive has been left largely untouched until our recent, almost accidental rediscovery. This article introduces this unique set of archives and traces the personal history of the original owner and donor. Our story of an archive encapsulates the history of modern China and how the preservation and interpretation of evidence and records of Chinese economic statistics were profoundly impacted by the development of political ideology and in modern and contemporary China. We briefly discuss the historiographical and epistemological implication of our finding in the current Great Divergence debate. |
| Keywords: | Tong Taisheng; Ningjin; Rong Mengyuan; merchant account books; economic statistics. |
| JEL: | C1 N0 |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:67552&r=his |
| By: | Cinnirella, Francesco; Hornung, Erik |
| Abstract: | In this study we review the literature on the relationship between landownership inequality and the accumulation of human capital in historical perspective. Furthermore we provide new evidence on the relationship between landownership inequality and marriage patterns at the county level in nineteenth-century Prussia. Formally the landed elite could have influenced not only the labor relations with the peasants but also their marriage decisions. Using cross-sectional as well as panel analysis we find no evidence that noble landowners directly affected marriage rates. Instead we find a robust negative association between average formal education and the share of married women. This finding is in line with recent theoretical and empirical literature on the role of gender specific human capital in the demographic transition. |
| Keywords: | education; Land Inequality; Marriage; Prussian Economic History |
| JEL: | I25 J12 N33 O43 Q15 |
| Date: | 2016–09 |
| URL: | http://d.repec.org/n?u=RePEc:cpr:ceprdp:11486&r=his |
| By: | Richard N. Langlois (University of Connecticut) |
| Abstract: | This paper is a draft chapter from an ongoing book project I am calling The Corporation and the Twentieth Century. In The Visible Hand, Alfred Chandler explained the rise of the large vertically integrated corporation in the United States mostly in terms of forces of technology and economic geography. Institutions, including government policy, played a quite minor role. In my own attempt to explain the decline of the vertically integrated form in the late twentieth century, I stayed true to Chandler’s largely institution-free approach. This book will be an exercise in bringing institutions back in. It will argue that institutions, notably various forms of non-market controls imposed by the federal government, are a critical piece of the explanation of the rise and decline of the multi-unit enterprise in the U. S. Indeed, non-market controls, including those imposed in response to the dramatic events of the century, account in significant measure for the dominance of the Chandlerian corporation in the middle of the twentieth century. One important form of non-market control – though by no means the only form – has been antitrust policy. This chapter traces the history of antitrust and argues that, far from being a coherent attempt to address an actual economic problem of monopoly, the Sherman Antitrust Act emerged from the distributional political economy of the nineteenth century. More importantly, the chapter argues that the form in which antitrust emerged would prove significant for the corporation, as the Sherman Act and its successors outlawed virtually all types of inter-firm coordinating mechanisms, thus effectively evacuating the space between anonymous market transactions and full integration. |
| Date: | 2016–09 |
| URL: | http://d.repec.org/n?u=RePEc:uct:uconnp:2016-07&r=his |
| By: | Nikulin, Alexander Mikhailovich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Kuznetsov, Igor (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The paper provides an overview of the basic concepts of the agrarian crisis, is offered in the Russian economic and historical literature from the end of XIX to the beginning of the XXI century. Stand out periods during which such issues sharply actualized considered conceptual heritage of each of the periods. The basic theory of cycles in relation to the development of agricultural sphere. It is the prospect of further historical and economic study of the problem. |
| Keywords: | agrarian crisis, Russia, history |
| Date: | 2016–05–16 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:1655&r=his |
| By: | Patrick Honohan (Department of Economics, Trinity College Dublin) |
| Abstract: | Determined to be free from the oppressive control of an alien power, each nationalist thinker on the eve of the Easter Rising sought a new approach to economic structures and policies. But their visions differed. But the course followed by the Irish economy reflected neither the national self-reliance advocated by Griffith nor the socialism of Connolly. Instead, it was the liberal internationalism of the less-heralded Tom Kettle that best characterized Ireland’s eventually successful navigation of the global economy. Over the past half century growth rates have been on average high, but volatile, reflecting the opportunities and challenges of globalization; of embracing the continental rather than the insular. In opening to the global economy, Ireland did not turn its back on Britain. Strong economic influences remained. For example, the partial insulation of living standards in Ireland from market inequalities seems to reflect (albeit imperfectly) the degree and the ways in which Britain has addressed these issues over the past century. The old connection was not altogether sundered. |
| Keywords: | Ireland-UK economic relations; Globalization and Ireland; Thomas Kettle |
| JEL: | N14 |
| Date: | 2016–05 |
| URL: | http://d.repec.org/n?u=RePEc:tcd:tcduee:tep1416&r=his |
| By: | Dutta, Sourish |
| Abstract: | Slowdown of industrial growth, particularly since the late sixties, had attracted a great deal of scholarly attention in India. That ongoing scholarly discussions created a debate which was in marked contrast to the relative consensus that prevailed in the professional economic circles in the sixties. Many explanations had been offered to solve this debate. Those explanations, some mutually reinforcing, others mutually conflicting, have highlighted the following set of factors: poor agricultural performance despite the Green Revolution. relative price movements resulting in a shift in terms of trade against industry, unequal income distribution and resulting lack of demand, slowdown in import substitution, declining levels of public investment and increasing inefficiencies in the industrial structure resulting from governmental controls and policies. Now the obvious questions are: Why this incommensurability? How far do the available explanations account for the slow industrial growth? Are there other alternative explanations? On what yardsticks can we say that there has been a slowdown? Is the slowdown after 1965-66 a secular or cyclical process’? What does it mean for future policy’?[10] In this review I will try to answer these fundamental questions through analytical reasoning of different articles. |
| Keywords: | Industrial Stagnation, Structural Retrogression, Issues of Indian Industry |
| JEL: | L5 L6 N1 |
| Date: | 2015–03–10 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:62951&r=his |
| By: | Carlos Góes |
| Abstract: | Thomas Piketty's Capital in the Twenty-First Century puts forth a logically consistent explanation for changes in income and wealth inequality patterns. However, while rich in data, the book provides no formal empirical testing for its theoretical causal chain. In this paper, I build a set of Panel SVAR models to check if inequality and capital share in the national income move up as the r-g gap grows. Using a sample of 19 advanced economies spanning over 30 years, I find no empirical evidence that dynamics move in the way Piketty suggests. Results are robust to several alternative estimates of r-g. |
| Keywords: | Income inequality;National income;Capital;Panel analysis;Vector autoregression;Econometric models;Economic theory;Income Inequality, Panel VAR, Factor Income Distribution |
| Date: | 2016–08–03 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:16/160&r=his |
| By: | Nils-Petter Lagerlof (York University) |
| Abstract: | Fouquet and Broadberry (Journal of Economic Perspectives 2015) have recently compiled detailed time-series data over per-capita incomes for several European countries from as early as 1300 up to 1800. The time series are all volatile and highly persistent; per-capita incomes move in decades-long cycles of expansions and contractions. The current paper examines a Malthusian model with realistic life-cycle structure, and stochastic and increasing rates of growth in agricultural productivity. This model can generate per-capita income dynamics that are qualitatively and quantitatively similar to the Fouquet-Broadberry data. |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:red:sed016:667&r=his |
| By: | Robert Hassink, Huiwen Gong, Fabian Faller; Huiwen Gong,; Fabian Faller |
| Abstract: | Since the launch of new economic geography by Paul Krugman there have been intensive debates between geographical economists and economic geographers both about the ways they differ from each other as well as about potential complementarities. Overman’s (2004) provocative article, titled “can we learning anything from economic geography proper?” has been not very helpful in developing the latter. By responding to his core critiques we provide a much more positive answer to his question, do justice to economic geography and show more complementarities between geographical economics and economic geography. |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:egu:wpaper:1622&r=his |
| By: | van Dalen, Harry (Tilburg University, School of Economics and Management) |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:tiu:tiutis:3ca19848-06c3-4a70-8a04-0f88604aa08c&r=his |
| By: | Bradbury, Katharine L. (Federal Reserve Bank of Boston) |
| Abstract: | Much of America’s promise is predicated on economic mobility—the possibility that people can move up and down the economic ladder during their lifetimes. Mobility is of particular consequence when economic disparities are increasing. Using panel data and mobility concepts and measures adapted from the literature, this paper examines 10-year income mobility levels and trends for U.S. working-age families during the time span 1977–2012. According to many measures, mobility, already limited in the 1978–1988 decade, declined over ensuing decades: families’ later-year incomes increasingly depended on their starting place, and the distribution of longer-term family incomes became less equal. |
| Keywords: | income mobility; income inequality; income distribution |
| JEL: | D31 D63 I32 J15 |
| Date: | 2016–07–01 |
| URL: | http://d.repec.org/n?u=RePEc:fip:fedbwp:16-8&r=his |
| By: | Jeroen Content; Koen Frenken |
| Abstract: | Since the introduction of the related variety in 2007, a number of studies have been undertaken to analyze the effect of related variety on economic development. Our review of 21 studies makes clear that most studies find support for the initial hypothesis that related variety supports employment growth, though some studies suggest that the growth effects of related variety may be specific to knowledge-intensive sectors only. From the review, we list a number of further research questions regarding: methodology, the role of unrelated variety, different forms of relatedness, and the effect of related variety on knowledge production and entrepreneurship. |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:egu:wpaper:1621&r=his |
| By: | Ayumu Sugawara |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:toh:tmarga:126&r=his |