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作者:City University of New York (CUNY) System; College of Staten Island (CUNY); City University of New York (CUNY) System
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作者:Vanderbilt University
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作者:Massachusetts Institute of Technology (MIT)
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作者:University of Hawaii System
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作者:Complutense University of Madrid
摘要:This article aims to cover an important aspect of the economic history of Porfirian Mexico: the integration of agricultural domestic markets. Because corn was the staple crop of the commercial agricultural sector, it becomes the protagonist of this story. Panel techniques are applied to a price-convergence model. Although still unfinished on the eve of the Mexican Revolution, corn market integration substantially accelerated during the Porfiriato and ended up further integrated than estimated ...
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作者:University System of Maryland; University of Maryland College Park; National Bureau of Economic Research
摘要:Between 1842 and 1852, eleven states adopted new constitutions, simultaneously creating procedures for issuing government debt and for chartering corporations through general incorporation acts. Why simultaneously? Voters wanted geographically specific infrastructure investments but opposed geographically widespread taxation. States resolved the dilemma by developing several innovative public finance schemes. One, taxless finance, used borrowed funds and special corporate privileges without ra...
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作者:Boston University
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作者:University of Munster
摘要:We develop a compromise estimate of the German Net National Product for the years 1851-1913 based on four estimates from Hoffmann (1965) and Hoffmann and Muller (1959) by recalculating industrial production, investment, home and foreign capital income. Because differences remain during the early decades, we compute a weighted average compromise series. Economic activity is shown to be higher than the older estimates suggest. The average growth rate is lower. The average business cycle lasted f...
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作者:Colby College
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作者:University of Houston System; University of Houston