|
on Business, Economic and Financial History |
|
Issue of 2024‒05‒20
forty-five papers chosen by |
| By: | Humphries, Jane |
| Abstract: | Economists ignore caring labor since most is provided unpaid. Disregard is unjust, theoretically indefensible, and probably misleading. Valuation requires estimates of time spent and the replacement or opportunity costs of that time. I use the maintenance costs of British workers, costs which cover both the material inputs into upkeep and the domestic services needed to turn commodities into livings, to isolate the costs of paid domestic labor. I then impute the value of unpaid domestic labor from these market equivalents, and aggregate across households without domestic servants. Historically, unpaid domestic labor represented c. 20 percent of total income, a contribution that suggests the need to revise some standard narratives. |
| JEL: | R14 J01 N0 |
| Date: | 2024–04–05 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:122725&r=his |
| By: | Goutsmedt, Aurélien (UC Louvain - F.R.S-FNRS); Sergi, Francesco |
| Abstract: | This article introduces a new conceptual framework for examining the transformation of central banks’ activities at the intersection of science and politics. The article relies on the results of four historical case studies gathered by the special issue “The Scientization of Central Banks. National Patterns and Global Trends”—to which this article provides also an introduction. We start with an analysis of Martin Marcussen’s concept of “scientization”, originally formulated to describe the changes within central banks since the 2000s. After highlighting how Marcussen’s concept has raised different interpretations, we broaden our scope to examine how “scientization” is applied in the wider social sciences, extending beyond the study of central banks. This brings to the fore two ideas: scientization as “boundary work” (redrawing the line between “science” and “non-science”) happening both in the public-facing (“frontstage”) and internal (“backstage”) activities of organizations. Finally, we suggest how these two ideas can be used to reinterpret “scientization” of central banks as the emergence of central banks as “boundary organizations”. This reframing allows us to untangle and clarify the phenomena previously conflated under the original concept of scientization, offering a more coherent framework for ongoing research on central banks. |
| Date: | 2024–03–23 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:dxvfp&r=his |
| By: | KIKUCHI Shinnosuke |
| Abstract: | I document trends of concentration in national and local markets in Japan since 1980. First, national market concentration within industries or product categories has increased since the mid-1990s regardless of sectors, data sources, or measurements. This is consistent with the findings in other developed countries, including the US. Second, local market concentration has also increased since the late 1990s, which contrasts with the findings in the US that local market concentration has been decreasing recently. The increase in local market concentration is associated with the decline in the number of establishments and is concentrated in areas outside large cities. |
| Date: | 2024–04 |
| URL: | http://d.repec.org/n?u=RePEc:eti:dpaper:24049&r=his |
| By: | MacLachlan, Anne J. |
| Keywords: | Arts and Humanities, 150w, UCB, Women in German Department |
| Date: | 2024–04–27 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt18p512ng&r=his |
| By: | Gautam Kumar Das (The Institute of Economic Growth, Delhi); Nijara Deka (The Institute of Economic Growth, Delhi) |
| Abstract: | “According to the GDP estimates by economic historian Angus Maddison, 1st century CE onwards India had the largest share of global GDP for 1500 years and shared the top spot with China until 1870. Today, with India becoming the world’s fifth-largest economy, it is no longer unrealistic to pose the question whether China and India can again come to occupy the top two spots—what is a plausible transition to this old normal? What challenges does India face in its quest to get there and what is the pathway to conquering those? How will the race between the USA, China, and India evolve once India becomes the world’s third-largest economy? The paper also explores the assumptions behind predicted growth rates for India to catch up with the USA by 2072.†|
| Keywords: | Non-farm, Poverty, Expenditure, North-east, Education, Employment |
| JEL: | P46 M51 I21 E24 |
| Date: | 2024–04–01 |
| URL: | http://d.repec.org/n?u=RePEc:nca:ncaerw:164&r=his |
| By: | Antonio Afonso; Valérie Mignon; Jamel Saadaoui |
| Abstract: | We assess the impact of China’s bilateral political relations with three main trading partners—the US, Germany, and the UK—on current account balances and exchange rates, over the 1960Q1- 2022Q4 period. Relying on the lag-augmented VAR approach with time-varying Granger causality tests, we find that political relationships with China strongly matter in explaining the dynamics of current accounts and exchange rates, supporting the “trade follows the flag” view. Such relationships cause the evolution of the exchange rate (except in the UK) and the current account; these causal links being time-varying for the US and the UK and robust over the entire period for Germany. These findings suggest that policymakers should account for bilateral political relationships to understand the global macroeconomic consequences of political tensions. |
| Keywords: | Political relations; time-varying causality; lag-augmented vector autoregression; China. |
| JEL: | C22 F51 Q41 |
| Date: | 2024 |
| URL: | http://d.repec.org/n?u=RePEc:ulp:sbbeta:2024-17&r=his |
| By: | KADOWAKI Makoto; NAGAOKA Sadao |
| Abstract: | While the patent system plays a dual role in promoting innovation through protection and disclosure, it is widely believed that the early disclosure of a patent application weakens patent protection by enhancing knowledge spillover. However, pre-grant publication enables early establishment of the invention’s priority, which enhances its appropriation. Using the introduction of pre-grant publications in Japan as a natural experiment, we find that early disclosure increased the rejection (and abandonment) of subsequent duplicative patent applications by others more than the grants of their follow-on patents. As a result, the patent value increased significantly on average. Consistently, pre-grant publications accelerated and increased the grant of one’s own follow-on inventions, more so when competition was significant. Thus, we find that pre-grant publications significantly promote appropriation through the early determination of the pioneer. |
| Date: | 2024–04 |
| URL: | http://d.repec.org/n?u=RePEc:eti:dpaper:24050&r=his |
| By: | Berry, Mary Elizabeth |
| Keywords: | Arts and Humanities, 150w, UCB, Women Faculty in History |
| Date: | 2024–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt9z30k439&r=his |
| By: | Wallis, Patrick |
| Abstract: | Records of long-eighteenth-century English wage rates exhibit almost absolute nominal rigidity over many decades, alongside significant dispersion between the wages paid by different organizations for the same type of work in the same location. These features of preindustrial wages have been obscured by data aggregation and the construction of real wage series, which introduce variation. In this paper, we argue that the standard explanations for wage rigidity in economic history are insufficient. We show econometric evidence for monopsony power in one major organization and argue that the main historical wage series are also affected by employer power. Eighteenth-century England had an imperfectly competitive labour market with large frictions. This gave large organizations the power to set wage policies. We discuss the implications for the eighteenth-century British economy and research into long-run wages more generally. |
| Keywords: | real wages; construction; eighteenth-century England; industrial revolution; labour markets; monopsony; wages |
| JEL: | J31 J41 K12 N33 N63 N83 J21 J22 J23 |
| Date: | 2024–04–14 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:121599&r=his |
| By: | Rodolfo G. Campos; Benedikt Heid; Jacopo Timini |
| Abstract: | The Cold War was the defining episode of geopolitical fragmentation in the twentieth century. Trade between East and West across the Iron Curtain (a symbolical and physical barrier dividing Europe into two distinct areas) was restricted, but the severity of these restrictions varied over time. We quantify the trade and welfare effects of the Iron Curtain and show how the difficulty of trading across the Iron Curtain fluctuated throughout the Cold War. Using a novel dataset on trade between the two economic blocs and a quantitative trade model, we find that while the Iron Curtain at its height represented a tariff equivalent of 48% in 1951, trade between East and West gradually became easier until the fall of the Berlin Wall in 1989. Despite the easing of trade restrictions, we estimate that the Iron Curtain roughly halved East-West trade flows and caused substantial welfare losses in the Eastern bloc countries that persisted until the end of the Cold War. Conversely, the Iron Curtain led to an increase in intra-bloc trade, especially in the Eastern bloc, which outpaced the integration of Western Europe in the run-up to the formation of the European Union. |
| Keywords: | international trade, Cold War, Iron Curtain, geopolitical fragmentation, trade costs of borders |
| JEL: | F13 F14 N74 |
| Date: | 2024 |
| URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_11057&r=his |
| By: | Daiji Kawaguchi (Faculty of Economics, The University of Tokyo); Keisuke Kawata (Institute of Social Sciences, and also Center for Social Research and Data Archives, The University of Tokyo); Chigusa Okamoto (Faculty of Economics, Chuo University and Center for Research and Education in Program Evaluation (CREPE), Faculty of Economics, The University of Tokyo) |
| Abstract: | Demand externality generated by the agglomeration of commercial activities is a poten- tial source of city formation. We study the impact of a large-scale urban redevelopment program involving the construction of a shopping complex at the center of Tokyo. The redevelopment program increased the land price and commercial building use in its neighborhood. It also increased the total sales of neighborhood rms but not their pro ts. We argue that the redevelopment program generated substantial demand ex- ternality but the bene t fell on the landlord. |
| Date: | 2024–04 |
| URL: | http://d.repec.org/n?u=RePEc:tky:fseres:2024cf1227&r=his |
| By: | Gregory Clark (University of Southern Denmark, LSE, CEPR); Neil Cummins (LSE, CEPR); Matthew Curtis (University of Southern Denmark) |
| Abstract: | The European Marriage Pattern (EMP), in place in NW Europe for perhaps 500 years, substantially limited fertility. But how could such limitation persist when some individuals who deviated from the EMP norm had more children? If their children inherited their deviant behaviors, their descendants would quickly become the majority of later generations. This puzzle has two possible solutions. The first is that all those that deviated actually had lower net fertility over multiple generations. We show, however, no fertility penalty to future generations from higher initial fertility. Instead the EMP survived because even though the EMP persisted at the social level, children did not inherit their parents' individual fertility choices. In the paper we show evidence consistent with lateral, as opposed to vertical, transmission of EMP fertility behaviors. |
| Keywords: | Demography, Economic History, European Marriage Pattern, Selection Pressures |
| JEL: | N13 N11 J12 |
| Date: | 2024–04 |
| URL: | http://d.repec.org/n?u=RePEc:hes:wpaper:0259&r=his |
| By: | Higgins, Emily |
| Keywords: | Arts and Humanities, 150w, UCB, Women in Mechanical Engineering |
| Date: | 2024–04–29 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt10h1x721&r=his |
| By: | Berry, Mary Elizabeth |
| Keywords: | Arts and Humanities, 150w, UCB, Women Ph.D.s in History |
| Date: | 2024–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt92j7150m&r=his |
| By: | Philipp Ager; Marc Goni; Kjell G. Salvanes |
| Abstract: | This paper studies how gender-biased technological change in agriculture affected women’s work in 20th-century Norway. After WWII, dairy farms began widely adopting milking machines to replace the hand milking of cows, a task typically performed by young women. We show that the adoption of milking machines pushed young rural women out of farming in dairy-intensive municipalities. The displaced women moved to cities where they acquired more education and found better-paid employment. Our results suggest that the adoption of milking machines broke up allocative inefficiencies across sectors, which improved the economic status of women relative to men. |
| Keywords: | Technological change, rural-to-urban migration, gender effects |
| JEL: | J16 J24 J43 J61 N34 O14 O33 |
| Date: | 2024–04 |
| URL: | http://d.repec.org/n?u=RePEc:bon:boncrc:crctr224_2024_535&r=his |
| By: | MacDonald, Thomas H. |
| Abstract: | [Contents:] Review of Federal Aid Road Authorizations and Appropriations --- Funds Available and Highway Work Placed under Contract by Fiscal Years --- New Contracts for Fiscal Years 1924 and 1925 --- New Contracts for Fiscal Year 1926 --- The Budget and Annual Withdrawals from the Treasury --- Relation of Budget Estimates and Actual Withdrawals from Treasury --- Comparison of Funds Available for New Construction, Funds Involved in Work Placed under Construction, and Withdrawals from Treasury --- Actual Appropriations and Withdrawals --- The Federal Aid Highway System --- Progress in Improvement of System and Summary of Types and Costs --- Highway Research in Material and Design --- Stage Construction --- Material and Labor Prices --- Recommended Modifications and Additions to Federal Highway Acts --- Highway Income, State and Local --- Highway Expenditures, State and Local. |
| Keywords: | Labor and Human Capital, Production Economics, Public Economics, Research and Development/Tech Change/Emerging Technologies |
| URL: | http://d.repec.org/n?u=RePEc:ags:usdami:342090&r=his |
| By: | Sebastian Ottinger; Lukas Rosenberger |
| Abstract: | We show that the French combatants’ exposure to the United States increased support for the French Revolution a decade later. French regions from which more American combatants originated had more revolts against feudal institutions, revolutionary societies, volunteers for the revolutionary army, and emigrants from the Old Regime’s elite. To establish causality, we exploit two historical coincidences: i) originally, a French army of seven and a half thousand was ready to sail, but one-third did not; ii) among those deployed, only some regiments were stationed in New England. Only combatants exposed to New England affected the French Revolution after their return. |
| Keywords: | institutional change, French Revolution, American War of Independence |
| JEL: | N4 D74 H1 |
| Date: | 2024–02 |
| URL: | http://d.repec.org/n?u=RePEc:cer:papers:wp774&r=his |
| By: | Kouakou Jean Claude Brou (UPPA - Université de Pau et des Pays de l'Adour, UO - Université d'Orléans); M. Thiam (UPPA - Université de Pau et des Pays de l'Adour, UO - Université d'Orléans) |
| Abstract: | This paper aims to study the impact of external debt on capital flight conditional on the institutional quality of host countries. Three major contributions emerge. First, the role of external debt in capital flight is clarified. Econometric results based on 26 sub-Saharan African countries over the period 1970-2015 show a positive relationship between external debt and capital flight. Second, high quality institutions weaken the link between debt and capital flight somewhat, although they do not eliminate it completely. The results suggest that improving the quality of institutions in sub-Saharan African countries could help minimise the contribution of external debt to capital flight. Third, the analysis takes into account panel data, the persistence of capital flight and the potential endogeneity of the regressors. |
| Keywords: | Capital flight, Africa, External Debt, institutional quality |
| Date: | 2023–12–30 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04540643&r=his |
| By: | Jewell Taylor, Gibbs |
| Keywords: | Arts and Humanities, 150w, UCB |
| Date: | 2024–04–29 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt01v3d3hk&r=his |
| By: | Bergquist, Ann-Kristin (Department of Economic History, Uppsala University); David, Thomas (University of Lausanne) |
| Abstract: | This paper engages with the literature that has looked at the historical response to climate change among industries positioned to have had a far-reaching impact on changing the course of the climate crisis. While much of the historical research in this domain has focused on the role of big oil companies, the utility industry and conservative think tanks in the manufacturing of doubt regarding climate science and opposing ambitions climate policies, our focus is on the International Chamber of Commerce (ICC) – the world’s largest transnational business association. Unlike individual multinational corporations, the ICC developed a close ties and collaborations with the United Nations Environment Programme (UNEP), which made ICC positioned to influence international policy discussions. This study finds that the ICC developed a dual strategy, which set aside climate change as the focus for discussion and business action. One strategy, led by ICC Environment Committee, involved intense collaboration with the United Nations and developing a business agenda for sustainable development. At the same time, the creation of the International Panel of Climate Change (IPCC) in 1988 and the Intergovernmental Negotiating Committee for a Framework Convention on Climate Change (INC) in 1991, gave rise to a parallel strategy, led by ICC’s related oil companies. As this study finds, the ICC’s Energy Committee developed close ties to the Global Climate Coalition, a front group designed to combat the scientific evidence of climate change. The paper concludes that the ICC was able to delay meaningful regulatory response to climate change the between 1988-1992 by forming a broad coalition of competing interests and collaborating with agencies established under the auspices of the United Nations. |
| Keywords: | International Chamber of Commerce; United Nations; Climate Governance; Sustainability; Climate Delay |
| JEL: | N40 N50 N80 P18 |
| Date: | 2024–02–29 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:uuehwp:2024_015&r=his |
| By: | Daniil Kashkarov; Valentin Artemev |
| Abstract: | Which career paths lead workers towards high-skilled non-routine cognitive occupations? Using PSID data, we show that, for a significant share of workers, a career path towards non-routine cognitive occupations goes through middle-skilled routine occupations, with the majority going through a subset of routine cognitive occupations. We then argue that the decline in employment in routine cognitive occupations due to routine-biased technological change can negatively affect the chances of younger cohorts joining high-skilled occupations. To test this hypothesis, we develop a structural occupational choice model that endogenously generates realistic career paths and estimate it using PSID data and job ad data from three major US outlets covering the period from 1940 to 2000. Our estimations suggest that, on average, 6% of workers ending up in non-routine cognitive occupations use routine cognitive occupations as stepping stones that allow them to maintain and accumulate human capital and experience relevant for later employment in high-skilled occupations. A fall in employment opportunities in routine cognitive occupations over the period of the most intensive routine-biased technological change led to at least 1.37 million lost high-skilled workers who got stuck in less skilled occupations. |
| Keywords: | routine-biased tech. change, occupational choice, human capital, career paths |
| JEL: | J24 O33 E24 |
| Date: | 2024–03 |
| URL: | http://d.repec.org/n?u=RePEc:cer:papers:wp776&r=his |
| By: | Eloranta, Jari (University of Helsinki, Dept. of Economic and Social History); Häggqvist , Henric (Uppsala University, Dept. of Economic History); Karonen, Petri (University of Jyväskylä, Dept. of History and Ethnology); Jeremy , Land (Unit for Economic History, School of Business, Economics and Law, Göteborg University) |
| Abstract: | The prevailing literature on global state capacity suggests that: 1) Europe was pulling ahead of other regions in the early modern period, and 2) state capacity in this period was mostly dedicated to the purposes of centralizing state power and increasing military power. The interplay of institutions needed to expand military power and fiscal expansion was a fundamental factor in these processes. We examine an unlikely candidate for an empire and expanding state, namely early modern Sweden, where the construction of bureaucratic structures and the development of the military went in parallel during the 16th and 17th centuries. Sweden had scarce financial and human resources, so its expansion was based on an offensive strategy to capture territory and resources, i.e. that "the war had to pay for itself." The military burden of the expansion was, in comparative European terms, manageable, and it went hand-in-hand with the development of an efficient state bureaucracy. The strategy worked well until the early 18th century, when confronted by more powerful enemies and inept domestic leadership. From the 1720s onwards, military expenditures began a slow decline. The Swedish state was often forced to rely on revenue from trade to finance wars. However, a centralized state remained as a long-term structural element for Sweden, even though it had to eventually open up to trade, commit to political neutrality, and implement a democratic system. |
| Keywords: | state capacity; Sweden; military spending; empire; early modern |
| JEL: | H11 H20 N20 N23 N40 P16 |
| Date: | 2024–04–25 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:gunhis:0041&r=his |
| By: | Berry, Mary Elizabeth |
| Keywords: | Arts and Humanities, 150w, UCB, Women Faculty in History |
| Date: | 2024–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt1fb0h9fk&r=his |
| By: | Gallagher, Catherine |
| Keywords: | Arts and Humanities, 150w, UCB, Bibliography Women's History at Berkeley |
| Date: | 2024–04–27 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt2vk4317q&r=his |
| By: | Pegoraro, Víctor Nahuel |
| Abstract: | Se analiza el libro La Pobreza de Clío (2013) de Francesco Boldizzoni. En función de él, repensamos el vínculo entre la historia económica y la economía dominante. ¿La historia económica está en crisis? ¿Qué tan nuevas son las propuestas para reformarla? ¿Cuál debe ser la relación entre la economía y la historia? Para ello se explora la trama argumentativa desplegada por el autor, así como los debates abiertos entre algunos especialistas internacionales en la materia. En este sentido, se consultan una serie de reseñas y de críticas bibliográficas que nos ayudan a entrever los aires de cambio dentro de la historiografía actual. Argumentamos que, si bien la propuesta no es original, permite recuperar la identidad de la historia económica y desligarla de una econometría retrospectiva. |
| Keywords: | Historia Económica; |
| Date: | 2023–12–20 |
| URL: | http://d.repec.org/n?u=RePEc:nmp:nuland:4058&r=his |
| By: | Neff, Terra; Hjelm, Maria J.; Humphreys, Sheila |
| Keywords: | Arts and Humanities, 150w, UCB, Women in Math |
| Date: | 2024–05–02 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt10k7m1bm&r=his |
| By: | Ryo Takahashi (Waseda University, Graduate School of Economics) |
| Abstract: | This study investigates the long-term effects of media exposure on economic growth by examining quasi-experimental variations in media exposure, facilitated by anime broadcasts featuring Japan’s “anime holy lands”—real-world locations depicted in anime. I aim to evaluate the economic growth of municipalities featured in these anime broadcasts using average income and night-time luminosity as indicators. The featured municipalities experience significant economic growth 5 and 13 years after the broadcasts. Population increase, resulting from the influx of new residents following anime broadcasts, is identified as the primary mechanism driving this growth. |
| Date: | 2024–04 |
| URL: | http://d.repec.org/n?u=RePEc:wap:wpaper:2402&r=his |
| By: | Marie Hogan; Aakash Kalyani |
| Abstract: | An analysis of the diffusion of PCs, smart devices, cloud computing and 3D printing suggests that AI may spread in a pattern similar to those of PCs and cloud computing. |
| Keywords: | artificial intelligence; personal computers; cloud computing; productivity growth |
| Date: | 2024–04–04 |
| URL: | http://d.repec.org/n?u=RePEc:fip:l00001:98109&r=his |
| By: | Tan, Mary |
| Keywords: | Arts and Humanities, 150w, UCB, Women in Disability Movement |
| Date: | 2024–04–29 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt9rj9v9ds&r=his |
| By: | Yang, Dongkyu |
| Abstract: | Economic adjustments through trade and migration can mitigate environmental shocks but may also propagate them to other parts of the economy. Using a dynamic spatial general equilibrium model, I quantify the transmission of environmental shocks by capitalizing on the 1930s American Dust Bowl. The counterfactual analysis shows that the Dust Bowl decreased aggregate U.S. welfare by 3.80% per capita by 1940. The local shock in agriculture more than proportionally transmitted to consumer services, while the tradable goods-producing sec-tor mitigated the shock. Such a disparity hindered structural change to services in the Dust Bowl region. Instead, economy-wide adjustments relied on the spatial reallocation of workers. Moreover, the Dust Bowl region exported price increases in agricultural goods, leading to a sizeable welfare loss in the non-Dust Bowl region despite the relative increases in real income. |
| Date: | 2024–04–02 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:jxz2b&r=his |
| By: | Scheall, Scott |
| Abstract: | Ludwig von Mises’ methodological apriorism is often attributed to the broader Austrian School of economics. However, there is considerable controversy concerning the meaning of Mises’ justification of his apriorism. There are inconsistencies within and across Mises’ methodological writings that engender confusion in the secondary literature. This confusion is aggravated by the fact that Mises’ apriorism cannot be interpreted as an artifact of his historical milieu. The two prevailing families of interpretation both treat Mises’ apriorism as anachronistic, albeit in divergent senses. I conclude that the primary and secondary literatures on Mises’ apriorism indicate its inconsistency and incoherence. We have no idea what justification Mises intended when he asserted the a priori nature of the fundamental propositions of economics. If this is right, then, whatever method(s) they follow, Austrian economists cannot (deliberately) follow Mises’ apriorism, because no one knows well enough how Mises meant to justify it to follow it purposefully. |
| Date: | 2024–04–12 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:3aqcj&r=his |
| By: | Manga, Michael |
| Keywords: | Arts and Humanities, 150w, UCB, Women in Earth and Planetary Science |
| Date: | 2024–04–29 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt2k26p6n4&r=his |
| By: | Pegoraro, Víctor Nahuel |
| Abstract: | El artículo analiza el estado del arte sobre los estudios referidos a la construcción en la Argentina. Pese al fuerte desarrollo del interés histórico sobre la industria en los últimos años, no se ha reparado con suficiente vehemencia en este sector específico, así como tampoco en su importancia como eje de crecimiento y desarrollo productivo en el largo plazo. Poco sabemos sobre el impacto de la construcción en nuestro país y la dinámica de sus agentes económicos durante los siglos XIX y XX. Intentamos dar pistas acerca de sus características, algunas cuestiones metodológicas y las líneas indagadas hasta el momento con el objetivo de ampliar la agenda de investigación futura desde la historia económica. |
| Keywords: | Industria de la Construcción; Historiografía; Argentina; |
| Date: | 2022–06–18 |
| URL: | http://d.repec.org/n?u=RePEc:nmp:nuland:4057&r=his |
| By: | Coleman, Benjamin |
| Keywords: | Arts and Humanities, 150w, UCB, Women's sports coverage |
| Date: | 2024–05–02 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt5dq9j78m&r=his |
| By: | Blaber, Richard Michael |
| Abstract: | This paper will argue that the collapse of advanced industrial society is inevitable on a global scale in the near-term (i.e., in a matter of decades from present), and that, furthermore, it will be irreversible. Industrial society, generally, will be seen as an aberration or anomaly in human history, one costly in terms of human life and suffering, as well as ecological devastation, lasting no more than three hundred years from the start of the Industrial Revolution in Great Britain in 1750 CE to its terminus in circa 2050 CE. If humanity is to survive, it must be in much smaller numbers, and with far less impact on the planet. |
| Date: | 2024–04–07 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:gavz7&r=his |
| By: | Oliver Binz; John Graham; Matthew Kubic |
| Abstract: | Financial reports present assets, liabilities, and earnings on a nominal basis (unadjusted for inflation). Using a novel dataset of nearly a century of financial reports, this paper examines whether and how inflation affects the relation between accounting earnings and stock market value, i.e., earnings relevance. On the one hand, inflation may decrease earnings relevance as historical cost accounting relies on historical transaction prices that become less relevant when inflation changes the price level. On the other hand, inflation may increase earnings relevance by increasing firms’ discount rates and thereby shifting agents’ focus towards nearer-term payoffs. Consistent with the latter hypothesis, we document a strong positive relation between earnings relevance and inflation. Cross-sectional tests indicate that this relation is stronger for firms that are more sensitive to discount rate changes. We find that inflation is of first-order importance relative to determinants of earnings relevance explored in prior literature. |
| JEL: | E31 G10 M40 M41 |
| Date: | 2024–04 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:32364&r=his |
| By: | Crapo, Eric |
| Keywords: | Arts and Humanities, 150w, UCB, Women in optometry |
| Date: | 2024–04–29 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt8kh404xq&r=his |
| By: | Walke, Adam |
| Abstract: | Classical political economists developed several different explanations for what they saw as an inherent tendency for the rate of profit to decline over time. In the second quarter of the nineteenth century, some British advocates of colonization developed a corollary to those theories, suggesting that exporting capital to colonies could help arrest and reverse the decline. That argument was championed by the English political economist and promoter of colonization projects Edward Gibbon Wakefield, and it was systematized by John Stuart Mill. Ironically, the view that capital export and colonization played crucial roles in sustaining the rate of profit in advanced economies was later adopted by some Marxist theorists. Parallels between Karl Marx and J.S. Mill may help explain the remarkable theoretical continuity on this topic between nineteenth-century British advocates of colonization and early-twentieth-century Marxist critics of colonialism. |
| Date: | 2024–04–12 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:3v8wd&r=his |
| By: | Berry, Mary Elizabeth |
| Keywords: | Arts and Humanities, 150w, UCB, Women Faculty in History |
| Date: | 2024–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt3dc7n4nj&r=his |
| By: | Yang, Sarah |
| Keywords: | Arts and Humanities, 150w, UCB, Women engineers |
| Date: | 2024–04–29 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt7m34d8jv&r=his |
| By: | Berry, Mary Elizabeth |
| Keywords: | Arts and Humanities, 150w, UCB, Women Faculty in History |
| Date: | 2024–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:cshedu:qt3gb0r1t9&r=his |
| By: | Ericsson, Johan (Department of Economic History, Uppsala University) |
| Abstract: | Prevailing narratives in the historical literature often paint a picture of Sweden having some of the poorest housing conditions in Europe during the early 20th century. This article challenges this widely accepted view by presenting a first-of-its-kind systematic and comparative study of European housing conditions, with a focus on Sweden. By constructing a new database and critically examining existing data, this study seeks to reassess the common assertions about Swedish housing standards. This study shows that there is no empirical evidence to support the notion that Sweden had among the worst housing conditions in Europe in this period. |
| Keywords: | housing conditions; overcrowding; amenities |
| JEL: | N00 N30 N34 O18 |
| Date: | 2024–04–29 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:uuehwp:2024_016&r=his |
| By: | Adam Brzezinski; Nuno Palma; Francois R. Velde |
| Abstract: | Debates about the nature and economic role of money are mostly informed by evidence from the 20th century, but money has existed for millennia. We argue that there are many lessons to be learned from monetary history that are relevant for current topics of policy relevance. The past acts as a source of evidence on how money works across different situations, helping to tease out features of money that do not depend on one time and place. A close reading of history also offers testing grounds for models of economic behavior and can thereby guide theories on how money is transmitted to the real economy. |
| Keywords: | Monetary policy; Monetary History; Natural Experiments |
| JEL: | E40 E50 N10 |
| Date: | 2024–04–05 |
| URL: | http://d.repec.org/n?u=RePEc:fip:fedhwp:98103&r=his |
| By: | Kohei Takeda; Atsushi Yamagishi |
| Abstract: | We provide new theory and evidence on the resilience of internal city structure after a large shock, analyzing the atomic bombing of Hiroshima. Exploiting newly digitized data, we document that the city structure recovered within five years after the bombing. Our new dynamic quantitative model of internal city structure incorporates commuting, forward-looking location choices, migration frictions, agglomeration forces, and heterogeneous location fundamentals. Strong agglomeration forces in our estimated model explain Hiroshima's recovery, and we find an alternative equilibrium where the city center did not recover. These results highlight the role of agglomeration forces, multiple equilibria, and expectations in urban dynamics. |
| Keywords: | agglomeration, history, expectations, atomic bombing, spatial dynamics |
| Date: | 2024–04–12 |
| URL: | http://d.repec.org/n?u=RePEc:cep:cepdps:dp1988&r=his |
| By: | Davis, John B.; ; (Department of Economics Marquette University; Department of Economics Marquette University) |
| Abstract: | Stratification economics (SE) investigates how economies are organized around group inequalities, especially by race and gender but also by ethnicity, national origin, religion, sexual orientation, etc. Its historical origins and theoretical foundations have both a structural strand that addresses how and a social behavioral strand. SE's structural strand goes back to Ricardo and Marx regarding the relationship between growth and distribution, and then draws on recent economic theory of noncompeting groups and dual economy models of labor market segmentation. SE's structural strand produces an inequality-based understanding of economics' standard goods taxonomy. The social behavioral strand builds on Du Bois's psychological wage concept, Veblen's social ladders theory of emulation, Blumer's theory of prejudice and stereotyping, and current social identity theory. SE's social behavioral strand makes it possible to explain how discrimination selectively stigmatizes people's social identities in order to reinforce existing intergroup inequalities. |
| Keywords: | stratification economics, intergroup inequality, caste, social groups, Ricardo, Marx, Lewis, Du Bois, Veblen, Blumer, social identity theory, goods taxonomy, stigmatization, intersectionality |
| JEL: | D31 D63 I31 J15 J16 Z13 |
| Date: | 2024–04 |
| URL: | http://d.repec.org/n?u=RePEc:mrq:wpaper:2024-02&r=his |