作者:University of Illinois System; University of Illinois Urbana-Champaign
作者:University of Kansas; National Bureau of Economic Research
摘要:This article surveys the history of tourism in America from colonial times to World War II. In that time there were substantial increases in the numbers of tourists, in the extent to which middle-income classes participated, and in the number and type of tourist destinations; but most of that growth may have been confined to the period after World War I. The growth of income and reduced costs of travel no doubt explain most of the growth, but some cultural factors helped to shift out the deman...
作者:Universite Paris-VIII; Universite Paris Saclay
摘要:In this study we show that French foreign investment from the end of the nineteenth century until the eve of the First World War was driven by economic and financial considerations. This refutes the hitherto accepted thesis that French capital exports were motivated by diplomatic and political factors. By using economic modeling that combines microeconomic and econometric approaches, we show that the geographic distribution of French financial flows was consistent with rational economic behavi...
作者:University of London; London School Economics & Political Science
摘要:The issue of why productivity growth during the British industrial revolution was slow despite the arrival of famous inventions is revisited using a growth accounting methodology based on an embodied innovation model. The results highlight the relatively small and long-delayed impact of steam on productivity growth even when capital deepening is taken into account. Even so, technological change including embodiment effects accounted entirely for the acceleration in labor productivity growth th...
作者:Montana State University System; Montana State University Bozeman