Cliometrica, Vol. 17, No. 3, 2023

Proposé par l'association ASSOCIATION FRANÇAISE DE CLIOMETRIE (A.F.C.)


Le 26/10/2023
   Restinclières (34160)


Newly released... Cliometrica, Vol. 17, No. 3, 2023
https://link.springer.com/journal/11698/17/3/page/1

Grajzl, P., Murrell, P. (Free Access for two months)
Of families and inheritance: law and development in England before the Industrial Revolution
https://doi.org/10.1007/s11698-022-00255-8
We examine how pre-Industrial-Revolution English caselaw development on land, inheritance, and families affected, and was affected by, economic and demographic outcomes. Our yearly measures of caselaw development are derived from existing topic-model estimates that reflect a comprehensive corpus of reports on pre-1765 court cases. We estimate a structural VAR model using these caselaw time-series in combination with measures of real per-capita income and vital rates. Pre-industrial caselaw development profoundly shaped economic development. Strikingly, the areas of caselaw that stimulated real-income growth are on families and inheritance, not land. Caselaw on families and inheritance was especially important as a driver of real income and birth rates after 1710. Caselaw developments were spurred primarily by changes in real income, not by changes in vital rates. Incorporation of endogenous caselaw development leaves intact the findings of the existing literature that examines pre-industrial economic-demographic interactions. However, our findings do imply that any Malthusian trap that was present in pre-industrial England was made less severe as a result of developments in caselaw on families and inheritance.

Deloof, M., de Jong, A. & Legierse, W. (Open Access)
Going public: evidence from stock and bond IPOs in Belgium, 1839-1935
https://doi.org/10.1007/s11698-022-00258-5
We investigate firms' initial stock and bond issues in public capital markets and explain fluctuations in these IPOs over time. We study Belgium from 1839 to 1935, which provides a setting with poor investor protection, no tax distortions, and changing regulations. We find that economic growth induces stock and bond IPOs and that the issuers time offerings such that they coincide with favorable market conditions. Even though in 1873, regulation was abruptly relaxed, we find no evidence of increases in the number of IPOs. Finally, we show that stock and bond IPOs do not interact when controlling for the determinants of these IPOs.

Silvestre, J., Murray, J.E. (Open Access)
Determinants in the adoption of a non-labor-substitution technology: mechanical ventilation in West Virginia coal mines, 1898-1907
https://doi.org/10.1007/s11698-022-00257-6
Accounts of technological change during industrialization processes based on labor-saving innovations are commonplace, even more so in the coal mining industry, in which the focus has until now been placed on the steam engine water pump and the coal cutting machine. However, to better understand technological change, we need to bear in mind the study of complementary capital. While previous research on complementary capital relies on evidence for manufacturing or the aggregate economy, this paper focuses on a case study, which provides more details on technology adoption decisions. This paper considers mechanical ventilation, a prominent and largely overlooked technology complementary to labor, as a response to stale air and explosions in the exploitation of coal. We examine the determinants in the adoption of the newer technology—the mechanical ventilator—through an economic model that is established at a high level of disaggregation: the mine. We concentrate on the West Virginia coalfield at the turn of the twentieth century, an apt historical setting for the study of technology adoption. We quantify characteristics of mines over time, so we are able to estimate a panel. We show the importance of various costs and benefits in explaining which type of mine converted from older technologies to the newer technology. The model is complemented with qualitative information, which helps to explain why an older technology slowed the process of adopting the newer as a result of different costs associated with the substitution.

Licio, V. (Open Access)
The Italian coal shortage: the price of import and distribution, 1861-1911
https://doi.org/10.1007/s11698-022-00256-7
This paper estimates a measure of coal price for all NUTS3 Italian provinces between 1861 and 1911. Italy was a latecomer country and its late industrialization was characterized by the absence of coal in a time when the steam engine powered factory work. The new variable accounts for the main input factor of manufacturing production during that period in which the Italian economy registered a long-term growth of GDP and an increase in its industrial activity. The measure allows to speculate on the importance of coal for Italian industrialization and on the origins of the North-South divide.

Gazeley, I., Holmes, R., Newell, A. et al. (Open Access)
Escaping from hunger before WW1: the nutritional transition and living standards in Western Europe and USA in the late nineteenth century
https://doi.org/10.1007/s11698-022-00259-4
Using the US Commissioner of Labor household survey, we estimate calories available to workers’ households in USA, Belgium, Britain, France and Germany in 1888/90. We make raw comparisons of the data and utilise propensity score matching techniques to attempt to overcome differences between the nature of the country samples included in the original survey. We find that US households had on average 500 daily calories per capita more than French and Germans households, with the Belgians and British households closer to the USA. We ask if US workers had more energy for work, once likely differences in stature between national sub-samples are taken into account, and conclude it was a minor advantage. Finally, we ask if economic migration leads to taller children. We find that US-based British households were able to provide more calories than those in Britain in response to an additional child, so that, other things being equal, their children would grow taller.

Perez-Garcia, M. (Free Access for two months)
Testing the “trickle-down” theory through GECEM database: consumer behaviour, Chinese goods, and trade networks in the Western Mediterranean, 1730-1808
https://doi.org/10.1007/s11698-022-00253-w
Economic historians have used GDP and its backwards projections to quantify economic growth and the process of early globalisation from year 1 CE to the present day. This has generated a lively debate concerning which methodologies are the most accurate for quantitative history and which data are most reliable. In addition, whilst an overwhelming amount of scholarship has emerged on the supply side, the demand side and family economic changes have been less popular in economic history. In this article, I present a concrete case study to analyse consumer behaviour: the circulation of Chinese goods in western Mediterranean markets during the eighteenth century. In so doing, I test the “trickle-down” theory with new archival data using GECEM Project Database, and apply the OLS and SNA to measure the social distribution of these goods through trade networks’ intermediation. The main result is that the agency of middle social groups—mainly merchants—was changing consumers’ behaviour in western Mediterranean markets, and not local oligarchies and nobility as the “trickle-down” theory has conventionally assessed.

As accepted papers get typeset, they become available for journal subscribers through Springer's Online Program. For access: https://link.springer.com/journal/11698/onlineFirst/page/1


   


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A.F.C.

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ASSOCIATION FRANÇAISE DE CLIOMETRIE (A.F.C.)

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34160 Restinclières

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