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作者:North Carolina State University
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作者:University System of Georgia; University of Georgia
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作者:Vanderbilt University; Colgate University
摘要:Studies have shown a connection between finance and growth, but most do not consider how financial and real factors interact to put a virtuous cycle of economic development into motion. As the main transportation advance of the nineteenth century, railroads connected established commercial centers and made unsettled areas along their routes better candidates for development. We measure the strength of links between railroads and banks in seven Midwest states using an annual transportation geog...
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作者:Gabel, David
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作者:George Mason University
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作者:University System of Maryland; University of Maryland Baltimore County
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作者:Rutgers University System; Rutgers University New Brunswick
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作者:Johns Hopkins University; California State University System; California State University East Bay
摘要:Hollywood converted to sound in three years. In comparison, Hollywood's conversion to color required more than three decades, and included a three-year period in which the share of color movies declined from 58 to 31 percent. We investigate this puzzling adoption profile using detailed data on 7,022 movies between 1940 and 1959. These data indicate differences in studio size and complementarity between genre and color impeded the rapid diffusion of color. These data also indicate that disadopt...
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作者:University of Colorado System; University of Colorado Boulder; National Bureau of Economic Research; Centre for Economic Policy Research - UK
摘要:The Zollverein was arguably the most important free trade agreement of the nineteenth century. Although 1834 is the official date of the Zollverein's establishment, member states joined in a non-random sequence over several decades because the benefits of becoming a member increased, both as the size of the union increased, and as membership in the union became increasingly important for accessing foreign markets. We incorporate the endogenous effects of accession into an estimate of the econo...