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作者：Loualiche, Erik; Vickers, Chris; Ziebarth, Nicolas L.
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Auburn University System; Auburn University; University of Missouri Columbia; University of Missouri System; University of Missouri Columbia
摘要：We study how firms allocate resources across their constituent establishments in response to local economic shocks in the context of the Great Depression. Using establishment-level data from the Census of Manufactures, we find that establishments in multi-plant firms are affected by local shocks in the regions in which the other establishments comprising the firm are located. In particular, establishment employment is positively affected by positive shocks to the local supply of credit to othe...
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作者：Bodenhorn, Howard
作者单位：Clemson University; National Bureau of Economic Research
摘要：Using data on interbank relationships and note holdings in Pennsylvania, I estimate the probability that a bank will redeem the notes of other banks by the distance separating them. If two banks were separated by 50 miles, there was a 40 percent probability that a bank would hold the notes of another at a given time. At 200 miles, the estimated probability is virtually zero. My analysis of notes discounted by a small-town, Connecticut banknote broker reveals that distant notes were offered by ...
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作者：[Anonymous]
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作者：Gregg, Amanda; Ruderman, Anne
作者单位：Middlebury College; University of London; London School Economics & Political Science
摘要：The eighteenth-century French slave ship the Bonne Soci & eacute;t & eacute; traded bundles of goods in exchange for slaves in Loango. We present detailed evidence from the ship's trading log that decomposes the goods in the bundle and identifies the European and African merchants selling captives to the ship. Prices steadily increased throughout the captain's stay in port, and the captain increased the bundle's price by adding more goods and adding high-priced goods. Sellers participated both...
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作者：Xing, Youwei
作者单位：State University System of Florida; Florida State University
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作者：Braun, Sebastian Till; Stuhler, Jan
作者单位：University of Bayreuth; Universidad Carlos III de Madrid
摘要：With 70 million dead, World War II remains the most devastating conflict in history. Among the survivors, millions were displaced, returned maimed from the battlefield, or endured years of captivity. We examine the effects of such war exposures on labor market careers, showing that they often become apparent only at certain life stages. While war injuries reduced employment in old age, former prisoners of war prolonged their time in the workforce before retiring. Many displaced workers, especi...
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作者：Huning, Thilo R.; Wolf, Nikolaus
作者单位：University of York - UK; Humboldt University of Berlin
摘要：Does the location of a state relative to others matter? We argue that a state's location can affect its bargaining power, and thus multilateral relations if trade costs depend on trade routes that pass through other states. This is an important, yet neglected aspect of economic history. We show how an exogenous border change-caused by Britain's intervention at Vienna in 1815-affected the location and trade routes of Prussia and other German states. We find that this border change led to the fo...
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作者：Ostermeyer, Vinzent
作者单位：Lund University
摘要：Cross-country regressions suggest that protectionism supported industrialization. I leverage novel and highly granular data covering Swedish manufacturing firms to estimate the impact of Sweden's shift toward protectionism after 1891 on establishment-level development. Using mainly two-way fixed effects regressions, I show that tariff increases had a heterogeneous impact across establishments: initially low-productivity establishments increased their productivity, while initially high-producti...
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作者：Mitchener, Kris James; Richardson, Gary
作者单位：Santa Clara University; National Bureau of Economic Research; University of California System; University of California Irvine
摘要：Bank distress was a defining feature of the Great Depression in the United States. Most banks, however, weathered the storm and remained in operation throughout the contraction. We show that surviving banks cut lending when depositors withdrew funds en masse during panics. This panic-induced decline in lending explains about one-third of the reduction in aggregate commercial bank lending between 1929 and 1932, more than twice as much as attributed to the failure of banks.
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作者：Wigton-Jones, Evan
