This paper traces the history of prices and wages in European cities from the fourteenth century to the First World War. It is shown that the divergence in real incomes observed in the mid-nineteenth century was produced between 1500 and 1750 as…
Economics History
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574 papers
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Introducing a concept of real, as opposed to nominal, inequality of income or wealth suggests some historical reinterpretations, buttressed by a closer look at consumption by the rich. The purchasing powers of different income classes depend on how…
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During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But why was Britain the technological leader? We argue that one hitherto little recognized British advantage was the supply of highly…
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This graduate text provides an intuitive but rigorous treatment of contemporary methods used in microeconometric research. The book makes clear that applied microeconometrics is about the estimation of marginal and treatment effects, and that…
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The rise of Western Europe after 1500 is due largely to growth in countries with access to the Atlantic Ocean and with substantial trade with the New World, Africa, and Asia via the Atlantic. This trade and the associated colonialism affected Europe…
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This article provides a survey of a growing body of empirical evidence that points toward the important long-term effects that historic events can have on economic development. The most re- cent studies, using microlevel data and more sophisticated…
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Languages differ widely in the ways they partition time. In this paper I test the hypothesis that languages which do not grammatically distinguish between present and future events (what linguists call weak-FTR languages) lead their speakers to take…
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Alfred Chandler's portrayal of the managerial revolution of the late nineteenth and early twentieth centuries does not extend well into the late twentieth century, when widespread vertical disintegration began replacing the classical multi-unit…
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The upper-income, advanced industrial countries of the world today all have market economies with open competition, competitive multi-party democratic political systems, and a secure government monopoly over violence. Such open access orders,…
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We assemble a dataset on technology adoption in 1000 bc, 0 ad, and 1500 AD for the predecessors to todays nation states. Technological differences are surprisingly persistent over long periods of time. Our most interesting, strong, and robust…
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The paper uses new cross-country data on income and asset (land) distribution to show that (i) there is a strong negative relationship between initial inequality in the asset distribution and long-term growth; (ii) inequality reduces income growth…
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This paper seeks to better understand the historical origins of current differences in norms and beliefs about the appropriate role of women in society. We test the hypothesis that traditional agricultural practices influenced the historical gender…
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This book provides the first comprehensive history of the Native Peoples of North America from their arrival in the western hemisphere to the present. It describes how Native Peoples have dealt with the environmental diversity of North America and…
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This paper investigates the distribution of well being among world citizens during the last two centuries. The estimates show that inequality of world distribution of income worsened from the beginning of the 19th century to World War II and after…
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He empirical analysis in International R&D Spillovers Coe, D., Helpman, E., 1995. International R&D Spillovers. European Economic Review, 39, 859887 is first revisited on an expanded data set that we have constructed for the purpose of this study.…
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Average Customer Rating: 4.5 Rating: 4 Dense but highly readable account of global financial coordination and its failures This book has two central premises: 1. It's easier for national governments to keep their currency's exchange rate in check…
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Historically, periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts. A subtle type of debt restructuring takes the form of financial repression. Financial repression…
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We use new data on entries and exits of US daily newspapers from 1869 to 2004 to estimate effects on political participation, party vote shares, and electoral competitiveness. Our identification strategy exploits the precise timing of these events…
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1. Economic Development, Technological Change, and Growth - Economic Development - General 2. Economic Development, Technological Change, and Growth - Technological Change; Research and Development; Intellectual - General 3. Economic Systems -…
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The consensus among scholars and policy-makers that 'institutions matter' for development has led inexorably to a conclusion that 'history matters', since institutions clearly form and evolve over time. Unfortunately, however, the next logical step…
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Ph.D. StudentKPMG Advisory, Financial Risk Management -
Associate ProfessorNew York, New York, United States -
Student (Master)İstanbul, Turkey -
Assistant ProfessorSofia University "St. Kliment Ohridski", Faculty of Economics and Business Administration -
Doctoral StudentUniversidad Nacional del Nordeste