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作者:Loyola University Chicago; Northwestern University
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作者:University of London; London School Economics & Political Science
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作者:Ulster University; Queens University Belfast
摘要:This article presents a new series of monthly equity returns for the British stock market for the period 1825-1870. In addition to calculating capital appreciation and dividend yields, the article also estimates the effect of survivorship bias on returns. Three notable findings emerge from this study. First, stock market returns in the 1825-1870 period are broadly similar for Britain and the United States, although the British market is less risky. Second, real returns in the 1825-1870 period ...
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作者:University of Kentucky
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作者:University System of Maryland; University of Maryland Baltimore
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作者:California Institute of Technology
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作者:Hohenberg, Paul M.
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作者:Duke University
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作者:University of Michigan System; University of Michigan; University of Michigan System; University of Michigan
摘要:Farms stood at an ecological frontier in the 1930s. With new and better agricultural machinery, more farms than ever before made the leap to thousand acre enterprises, But did they abandon mixed husbandry in the process? This article explores the origins of the modem relationship between scale and diversity using a new sample of Kansas farms. In 25 townships across the state, between 1875 and 1940, the evidence demonstrates that relatively few plains farms were agents of early monoculture. Rat...
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作者:Pompeu Fabra University
摘要:Investment in machinery is a key component in the analysis of long-term economic growth during the spread of industrialization. This article offers consistent annual series on the magnitude of machinery imports per capita into all Latin American countries for the period 1890-1930. Analysis of these series shows that machinery imports diverged across countries from 1890 through 1913. After 1913 a number of the more backward countries experienced rapid growth in machinery imports. These large di...