作者:Wesleyan University; Harvard University
摘要:This article presents new annual price indices of equities traded on British exchanges for the period 1870-1913, as a replacement for Smith and Home's widely used index. The data set contains 40,677 observations on 3,103 securities issued by 2,740 companies, providing substantially broader coverage of the market: from 520 to 1,150 issues per year, compared with Smith and Home's 25 to 77 securities. In addition, the data set contains information on shares outstanding, par values, and dividends,...
作者:University of Illinois System; University of Illinois Urbana-Champaign
作者:Harvard University
摘要:This article documents pre- 1940 wage-rental ratios, land-labor ratios, the terms of trade, and other variables for nine countries in the periphery, and joins them to data previously collected for the greater Atlantic economy Commodity-price convergence is found to have been stronger in the preindustrial Third World than in the industrializing Atlantic economy. A previously unnoticed Third World convergence in wage-rental ratios is also documented. It appears that relative factor-price converg...
作者:University of British Columbia