作者:University of Texas System; University of Texas Austin
作者:Washington University (WUSTL); National Bureau of Economic Research
作者:Occidental College
摘要:Economic historians have devoted enormous attention to the collapse of the interwar gold standard. This article proposes a discrete time duration model (using a panel data set of 24 countries for 1928-1936) to analyze how economic and political indicators affected a country's term on the gold standard. High per capita income, international creditor status, and prior hyperinflation increased the probability of continuation. In contrast, democratic regimes left early. Unemployment, sterling grou...
作者:Academy of Korean Studies; University of Oxford; University of Oxford
摘要:The first price runs for Korean rice help us develop a Smithian physiocratic model to explain the low, stable prices of the eighteenth century and the rising, volatile prices of the nineteenth. Ownership rights provided incentives, and productivity after 1600 exceeded subsistence to achieve rural commercialization. Infrastructure investment from the late seventeenth century promoted development and prosperity, but declining investment, dysfunctional institutions, bad weather, and a population ...
作者:University of Minnesota System; University of Minnesota Twin Cities
作者:University of Oxford
摘要:A biological model of nitrogen in agriculture is specified for early modem England and used to analyze the growth in grain yields from the middle ages to the industrial revolution. Nitrogen-fixing plants accounted for about half of the rise in yields; the rest came from better cultivation, seeds, and drainage. The model highlights the slow chemical reactions that governed the release of the nitrogen introduced by convertible husbandry and the cultivation of legumes. However efficient were Engl...