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作者:University System of Ohio; Ohio State University
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作者:Gerard, D
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作者:University of Chicago
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作者:American University
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作者:Wellesley College
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作者:University of California System; University of California Berkeley
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作者:Williams College
摘要:Corporate groups have been very important in the economies of many developing countries, including prewar Japan, where zaibatsu controlled approximately one-third of the capital stock. Regression analysis of a new firm-lever financial data set distinguishes the economic behavior of zaibatsu member firms from independent firms. The only significant difference between old-zaibatsu member firms and independent firms is that some measures of earnings of old zaibatsu were less stable. The earnings ...
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作者:National Taiwan University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要:In Taiwan during the Japanese colonial period, sugarcane was typically purchased by Japanese-owned sugar mills at prices guaranteed long in advance of delivery. In some places, the future price was indexed to the price of rice in the following year. This study points out that indexing served to insure farmers' real incomes. But as an insurance against an aggregate risk, this arrangement threatened the mill's profits. We investigate why mills nevertheless offered the insurance.
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作者:University of Portsmouth
摘要:Va Nee. L. Van Vleck has sought, in a recent issue of this JOURNAL, to dismiss Thorstein Veblen's characterization of the British system of coal rail haulage as embodying serious inefficiencies arising from the interrelatedness of its rolling stock and infrastructure, which inhibited modernization. This she rejects in favor of an alternative view of the small coal wagon, understanding it within a broader system of distribution in which the small wagon provided flexibility and substituted for t...
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作者:University System of Ohio; Miami University; University System of Ohio; Miami University
摘要:Studies of the contemporary period for the United States and for Canada have established that the presence of an immigrant population is associated with an increase in trade between the immigrants' host and origin countries. We wish to discover if such a protrade phenomenon was systematically associated with the massive inflow of immigrants to the United States during the 40 years preceding World War I. Applying a gravity model to U.S. imports of 78 commodities from 17 countries at five-year i...