Search results for "Econometric"
showing 10 items of 3780 documents
Jacob Viner and the Chicago monetary tradition
2009
The paper aims at assessing Jacob Viner's role in that brand of monetary thought which historians associate with the Chicago School and whose origins can be retraced in the writings and teaching of Frank Knight, Lloyd Mints, Henry Simons and Viner himself. After a brief description of the prolonged debate over the origins and nature of the so called “Chicago Monetary Tradition”, we examine Viner's analyses and policy proposals drawing particular attention to: his analysis of the Great depression; his proposals for monetary expansion and banking reform; his shift of emphasis in favour of Fiscal Policy; the evolution of its monetary framework in the early 1930's. Finally, we compare his posit…
Inequality and education in pre-industrial economies: Evidence from Spain
2018
Abstract This article contributes to the debate on institutions and economic development by examining the historical link between land access inequality and education. Using information from the 464 districts existent in mid-19th century Spain, this paper confirms that there is a negative relationship between the fraction of farm labourers and male literacy rates. This result does not disappear when a large set of potential confounding factors are included in the analysis. The use of the Reconquest as a quasi-natural experiment allows us to rule out further concerns about potential endogeneity. In addition, controlling for different sources of spatial dependence does not explain away this r…
Money Doctoring After World War II: Arthur I. Bloomfield and the Federal Reserve Missions to South Korea
2009
In this paper we analyse the scientific contributions of the New York Fed economist Arthur I. Bloomfield. A Canadian born economist, in 1941 Bloomfield took his PhD in economics at the University of Chicago, under the supervision of Jacob Viner and then joined the staff of the Federal Reserve Bank of New York as a Research Economist and stayed there until 1958. In this position, Bloomfield combined scholarly research on recent economic history and international financial and banking problems with active service as a member of various committees and commissions, both in the United States and abroad. While on leave from the Fed, he accepted appointments as a consultant and advisor to various …
Albert O. Hirschman, Europe, and the Postwar Economic Order, 1946–52
2022
Abstract Between 1946 and 1952, Albert Hirschman worked as an economist in charge of the Western European desk of the research branch of the Board of Governors of the Federal Reserve System in Washington, DC. In this position he wrote extensively on patterns of European postwar reconstruction and the creation of a new world economic order. Given his deep knowledge and prewar experiences, Italy and France were his first areas of specialization, although Hirschman soon contributed to the analysis of the Marshall Plan, the shaping of the European Payments Union, and the problem of the dollar shortage. This article provides a comprehensive interpretation of this early stage of Hirschman's intel…
El reotismo nobiliario en la agricultura valenciana del siglo XIX
2000
RESUMENEl artículo discute los caracteres sociales de la nobleza terrateniente y el papel de la propiedad «rentista» en el desarrollo agrario valenciano del siglo XIX. En la primera parte se estudia la nobleza propietaria a mediados del siglo XIX y se cuestiona la tesis de su continuidad respecto a los antiguos señores feudales. En la segunda se destaca, a través del estudio de un patrimonio de la nobleza sin título, que la gestión era, a la vez, «rentista» y «empresarial», y se intenta explicar la lógica de este comportamiento.
Joan Robinson: «In memoriam»
1983
“A veces me he preguntado si me he quedado sola.” (J. R.) Ahora ya no hay duda de que la obsesión intelectual que persiguiera a J. Robinson a lo largo de su dilatada carrera no tiene más justificatión que la de ver agotarse —a destiempo, como siempre— las baterías de su propia soledad. A principios del mes de agosto moría esta brillante economista a quien todos los profesionales del gremio debemos, directa o indirectamente, alguna cosa (1).
El sistema de transportes en España y Francia, 1750–1850. A proposito de dos libros recientes
1986
Tradicionalmente, la literatura sobre historia económica del transporte ha partido de la irrupción del ferrocarril como medio revolucionario en la economía decimonónica. Así, la atención preferente de los investigadores ha recaído sobre los procesos de construcción de la red ferroviaria en los diversos países y en el impacto para la economía del nuevo sistema de comunicaciones. Sin embargo, son menos numerosos los trabajos sobre los distintos modos de transporte en períodos anteriores al advenimiento de la época ferroviaria, y muchos menos los que han tenido en cuenta en sus análisis las vías de comunicación, su estado y organización en el espacio, en relación con las posibilidades de desar…
Los negocios de una gran empresa sedera en la Valencia del siglo XVIII: la Compañía de Nuestra Señora de los Desamparados
1996
Editada en la Fundación Empresa Pública La Compañía de Nuestra Señora de los Desamparados fue creada por el artesanado sedero en 1772, pero la Junta General de Comercio cambió su naturaleza al autorizar la participación en su accionariado de todas las clases sociales. Aunque esta circunstancia favoreció su desarrollo, sentó también las bases de su fracaso final al provocar un grave conflicto entre el sector artesanal, que ejercía en exclusiva los cargos directivos, y el resto del accionariado, siendo el motivo fundamental de la discordia las pérdidas sufridas durante la crisis comercial de 1779-82. De todas formas, la conservación de su documentación privada ha permitido analizar su activid…
Why did Spanish Regions not Converge before the Civil War? Agglomeration Economies and (Regional) Growth Revisited
2015
In this paper we explore the relationship between the presence of agglomeration economies and regional economic growth in Spain during the period 1870-1930. The study allows us to revisit the existence of a trade-off between economic growth and territorial cohesion, and also to examine whether the existence of agglomeration economies could explain the upswing in regional income inequality during the early stages of development. In doing so, we present alternative indicators for agglomeration economies and estimate conditional growth regressions at province (NUTS3) level. In line with new economic geography models, agglomeration economies in a context of market integration widened regional i…