作者：State University System of Florida; Florida State University; National Bureau of Economic Research; University of Arizona; National Bureau of Economic Research
摘要：To isolate the impact of access to electricity on local economies, we examine the impact of the Rural Electrification Administration low-interest loans in the 1930s. The REA provided loans to cooperatives to lay distribution lines to farms and aid in wiring homes. Consequently, the number of rural farm homes electrified doubled in the United States within five years. We develop a panel data set for the 1930s and use changes within counties over time to identify the effect of the REA loans on a...
作者：Rutgers University System; Rutgers University New Brunswick
作者：University System of Ohio; Bowling Green State University
作者：North Carolina State University
作者：University of Massachusetts System; University of Massachusetts Lowell
作者：University of Arizona
摘要：In the eighteenth century, European embassies in the Ottoman Empire started selling exemption licenses called berats, which granted non-Muslim Ottomans tax exemptions and the option to use European law. I construct a novel price panel for British and French licenses based on primary sources. The evidence reveals that prices were significantly high and varied across countries. Agents acquired multiple berats to enhance their legal options, which they exploited through strategic court switching....
