作者：Le Moyne College; University System of Ohio; Baldwin Wallace University
摘要：Following World War II millions of cotton workers, especially African-Americans, left the fields forever, and farmers mechanized the cotton harvest. Prevailing empirical studies argue that high factory wages lured farmhands away. Based on newly reconstructed data, we estimate the causes of the demise of harvest employment in 12 major cotton-producing states from 1949-1964 and find important roles for mechanization, government farm programs, higher nonagricultural wages, and falling cotton pric...
作者：Yeungnam University
摘要：Takahashi Korekiyo is remembered as a wise finance minister saving Japan from the Great Depression. The contribution of his policy measures however remains to be rigorously measured, with proper control of other forces also driving the recovery. Structural vector autoregression analysis of previously unexploited monthly data confirms the pivotal role of Takahashi's debt-financed fiscal expansion. Monetizing the public debts, the Bank of Japan maintained a neutral stance. The recovery was aided...
作者：Princeton University; University of Adelaide
