作者：University of Warwick
摘要：Industrial investment in colonial India was segregated by the export industries, such as tea and jute that relied on British firms and the import substituting cotton textile industry that was dominated by Indian firms. Empirical evidence in this article does not suggest that barriers to entry faced by Indian entrepreneurs created this separation. Informational asymmetry played an important role. British entrepreneurs knew the export markets and the Indian entrepreneurs were familiar with local...
作者：University of Oxford
摘要：The conventional view is that an increase in the value of a natural resource can lead to private property over it. Many Igbo groups in Nigeria, however, curtailed private rights over palm trees in response to the palm produce trade of the nineteenth and early twentieth centuries. I use the Ostrom (2007, 2009) framework for analyzing social-ecological systems to guide the construction of a model of this transition. An increase in the resource price leads the owner to prefer communal harvesting,...
作者：Colgate University
摘要：The passage of the National Banking Acts stabilized the existing financial system and encouraged the entry of 729 banks between 1863 and 1866. These new banks concentrated in the area that would eventually become the Manufacturing Belt. Using a new bank census, the article shows that these changes to the financial system were a major determinant of the geographic distribution of manufacturing and the nation's sudden capital deepening. The entry not only resulted in more manufacturing capital a...
作者：University of California System; University of California Davis
