作者：Brunel University
摘要：This article examines the role of the agricultural crisis in the international transmission of the Great Depression and assesses the direct and indirect macroeconomic effects of the agricultural price decline. Using panel data for 16 countries, it is shown that the decline in agricultural prices adversely affected the general price level, consumption and investment. Furthermore, it is shown that the agricultural price decline was an important vehicle by which the Depression was transmitted int...
作者：University of Massachusetts System; University of Massachusetts Boston
作者：University of Southern California
作者：University of London; London School Economics & Political Science
摘要：This article reexamines theories previously advanced to explain Lancashire's slow adoption of ring spinning. New cost estimates show that although additional transport costs and technical complementarities reduced ring adoption rates, these supply-side constraints were not dominant. Instead what mattered most were demand-side factors. Lancashire produced far more fine yams than other countries, and this yam was better spun on mules. Furthermore, Lancashire had a sizeable export trade in yarn, ...
