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作者:Clemson University; Yale University; University System of Georgia; Georgia State University; Federal Reserve System - USA; Federal Reserve Bank - Atlanta
摘要:Understanding long-term changes in human well-being is central to understanding the consequences of economic development. An extensive anthropometric literature purports to show that heights in the United States declined between the 1830s and the 1890s, which is when the U.S. economy modernized. Most anthropometric research contends that declining heights reflect the negative health consequences of industrialization and urbanization. This interpretation, however, relies on sources subject to s...
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作者:AT&T; Korea Environment Institute (KEI); Rutgers University System; Rutgers University New Brunswick
摘要:We present a new monthly index of the yields on junk bonds (high risk, high yield bonds) for the period 1910-1955. This index supplements the indexes of government bond yields, and Aaa and Baa corporate bond yields economic historians have relied on previously to describe the long-term risk spectrum. First, we describe our sources and methods. Then we show that our junk bond index contains information that is not in the closest alternative, and suggest some ways that the junk bond index could ...
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作者:Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
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作者:Stanford University
摘要:I argue that Europe's political fragmentation interacted with her political innovations-self-governing cities and national parliaments-to facilitate economic liberty, which in turn unleashed faster and more inter-connected urban growth. Examining urban growth over the period 600-1800 CE throughout Eurasia, I show that inter-city growth correlations were positive and significant only in Western Europe after 1200 CE. Within Western Europe, I show that growth correlations were greatest in the mos...
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作者:University of Manchester
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作者:Universite de Montreal; University of California System; University of California Davis; Universite Libre de Bruxelles
摘要:Belle Epoque Belgium recorded an unprecedented trade boom. Exploiting a new granular trade dataset, we find that the number of products delivered abroad and destinations serviced more than doubled in less than 40 years. To explain this remarkable achievement, we study the relationship between trade costs and the intensive and extensive margins of trade. The establishment of a foreign diplomatic network that lowered beachhead costs and enabled the entry of new products was an essential fact of ...
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作者:University Saint-Louis - Bruxelles; University of Southern California
摘要:Inconsistent measurement of ship tonnage, the denominator in the usual measures of crowded conditions on slave vessels, may confound estimated associations between crowding and slave mortality on the Middle Passage. The tonnages reported in Lloyd's Registers are shown to be consistent over time and are used to demonstrate that both the unstandardized and standardized tonnages in the Transatlantic Slave Trade Database are deeply flawed. Using corrected tonnages, we find that crowding increased ...
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作者:New York University
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作者:University of California System; University of California Los Angeles
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作者:University of California System; University of California Merced