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作者:Brown University
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作者:McGill University
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作者:University of Colorado System; University of Colorado Boulder
摘要:We estimate the self-selection of Mexican migrants into and out of the United States in the 1920s. Officials recorded migrant height on border crossing manifests, which we use to proxy migrant quality and to measure self-selection into migration in 1920. Migrants were positively selected on height compared to the Mexican population. We link these migrants to the 1930 U.S. and Mexican censuses to obtain samples of permanent and return migrants and to estimate the selection into return migration...
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作者:Yale University
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作者:Dartmouth College
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作者:Universite Libre de Bruxelles; Universite de Picardie Jules Verne (UPJV); Universite de Picardie Jules Verne (UPJV)
摘要:Following Waterloo, managing French public finances represented a daunting task as the country had lost a substantial part of its population and territory and had to pay huge amounts as reparations to the victors. Despite this, in just ten years, France managed to issue substantial amounts of debt with a spread, compared to the British consol, falling from more than 400 to 100 basis points. We argue that the Duke of Wellington was key in creating an environment in which Baring had an incentive...
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作者:Northwestern University
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作者:European Central Bank; Bank of France; European Central Bank; Bank of France; Universite Paris Nanterre
摘要:Measurement of the value of media capture (the control of newspapers by business or political interests) is difficult. However, if capture is valuable, it should affect the price of newspaper shares. Useful information about the value of media capture should be retrievable from Stock Exchange data. Interwar France provides a unique setting to implement this idea because key newspapers floated voting and nonvoting stocks. Combined with takeover prices, data yield estimates of the price of media...
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作者:University of Mississippi
摘要:I study the impacts of one of the largest regional development projects in American History, the Tennessee Valley Authority (TVA), on a variety of economic outcomes. The TVA has been noted as an example of how to develop a region's water power potential to stimulate growth. In what follows, I show using a county-level panel dataset, that the TVA had little impact on economic growth in the South. I attribute these results to the institutional history of the TVA and the contractual agreements it...
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作者:University of Vermont