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作者:University of Adelaide
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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,...
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作者:University of Illinois System; University of Illinois Urbana-Champaign
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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...
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作者:University of California System; University of California Davis; University of North Carolina; University of North Carolina Chapel Hill; National Bureau of Economic Research
摘要:Standard treatments of U.S. agriculture assert that, before the 1930s, productivity growth was almost exclusively the result of mechanization rather than biological innovations. This article shows that U.S. wheat production witnessed wholesale changes in varieties and cultural practices during the nineteenth and early twentieth centuries. Without these changes, vast expanses of the wheat belt could not have sustained commercial production and yields everywhere would have plummeted due to the i...
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作者:Cornell University
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作者:University of Missouri System; University of Missouri Saint Louis
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作者:University System of Ohio; University of Toledo
摘要:Racial or ethnic wage differentials are common in labor markets composed of easily identifiable groups. This article analyzes a rare source of historical wage data for nonwhite populations. An American labor-market survey of Manila in 1900 revealed that average Chinese wages were about a third higher than Filipino wages. This differential appears to have been in large part an overtime premium that compensated Chinese for their longer workdays; partly it reflected Chinese segregation into highe...
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作者:Boston University; University of Brescia
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作者:University System Of New Hampshire; Keene State College