-
作者:Potterton, Michael
-
作者:Dalhousie University; Queens University - Canada
-
作者:University System of Ohio; Ohio State University
-
作者:University of Washington; University of Washington Seattle
摘要:A substantial literature exists claiming the adoption of tractors was inefficiently slow. We develop a linear programming model of farms that specifically incorporates the opportunity cost of the farmer's time and apply it to farms in Iowa during the interwar period. We develop technological coefficients derived at the task level, based on the data and agricultural reports from that period. By valuing the time saved by tractors, we demonstrate that the seemingly slow rate of tractor adoption w...
-
作者:University of Warwick
摘要:This article explores the location of industry in pre-World War I Britain using a model that takes account both of factor endowment and also of New Economic Geography influences. Broadly speaking, the pattern of industrial location in this period was quite persistent and regional specialization changed little. The econometric results show that factor endowments had much stronger effects than proximity to markets, although the latter was an attraction for industries with large plant size. Overa...
-
作者:Vanderbilt University
-
作者:Federal Reserve System - USA; Federal Reserve Bank - St. Louis
摘要:This note investigates the sources of variation in the growth of per capita personal incomes across U.S. states during the Great Depression.(1) States entering the economic contraction with relatively low per capita incomes tended to suffer larger percentage declines in per capita income than did high income states. By contrast, low-income states tended to experience larger percentage gains during the recovery. Hence, state per capita incomes diverged during the contraction phase and converged...
-
作者:Boston University; National Bureau of Economic Research
-
作者:University of California System; University of California Riverside
-
作者:University of Warwick; Sogang University
摘要:On the basis of new historical research on the Soviet command system we analyze the choices of a plan-setter and an effort-setter who interacted with each other and an external market to determine real output, hidden inflation, and the quality of corruption. We show that the performance of the Soviet economy was affected not only by the level of corruption but also by its quality, that is, how corrupt incomes were used. Our results explain rapid Soviet economic growth despite high corruption l...