Download or read book Estimation of Economies of Scale in Nineteenth Century United States Manufacturing written by Jeremy Atack and published by Routledge. This book was released on 2018-01-12 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: On economies of scale during the nineteenth century, much is assumed, but little is known. This study, first published in 1985, seeks to close this gap in our knowledge by providing comprehensive empirical evidence on the status of economies of scale in mid-nineteenth century manufacturing industry. This evidence is in the form of production function estimates made using data from the manuscripts of the federal censuses of manufacturing for 1850, 1860 and 1870.
Download or read book Estimation of Economies of Scale in Nineteenth Century United States Manufacturing and the Form of the Production Function written by Jeremy Atack and published by . This book was released on 1976 with total page 1314 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economies of Scale in Nineteenth Century American Manufacturing Revisited written by Robert Andrew Margo and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In a famous paper, Kenneth Sokoloff argued that the labor input of entrepreneurs was generally not included in the count of workers in manufacturing establishments in the early censuses of manufacturing. According to Sokoloff, this biased downward econometric estimates of economies of scale if left uncorrected. As a fix Sokoloff proposed a particular "rule of thumb" imputation for the entrepreneurial labor input. Using establishment level manufacturing data from the 1850-80 censuses and textual evidence I argue that, contrary to Sokoloff's claim, the census did generally include the labor of entrepreneurs if it was economically relevant to do so, and therefore Sokoloff's imputation is not warranted for these census years. However, I also find that the census did understate the labor input in small relative to large establishments as Sokoloff asserted, but for a very different reason. The census purported to collect data on the average labor input but, in fact, the data most likely measure the typical number of workers present. For very small establishments the reported figures on the typical number of workers are biased downwards relative to a true average but this is not the case for large establishments. As a result, the early censuses of manufacturing did overstate labor productivity in small relative to large establishments but the size of the bias is smaller than alleged by Sokoloff.
Download or read book Economies of Scale in Nineteenth Century American Manufacturing Revisited written by Robert A. Margo and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a famous paper, Kenneth Sokoloff argued that the labor input of entrepreneurs was generally not included in the count of workers in manufacturing establishments in the early censuses of manufacturing. According to Sokoloff, this biased downward econometric estimates of economies of scale if left uncorrected. As a fix Sokoloff proposed a particular "rule of thumb" imputation for the entrepreneurial labor input. Using establishment level manufacturing data from the 1850-80 censuses and textual evidence I argue that, contrary to Sokoloff's claim, the census did generally include the labor of entrepreneurs if it was economically relevant to do so, and therefore Sokoloff's imputation is not warranted for these census years. However, I also find that the census did understate the labor input in small relative to large establishments as Sokoloff asserted, but for a very different reason. The census purported to collect data on the average labor input but, in fact, the data most likely measure the typical number of workers present. For very small establishments the reported figures on the typical number of workers are biased downwards relative to a true average but this is not the case for large establishments. As a result, the early censuses of manufacturing did overstate labor productivity in small relative to large establishments but the size of the bias is smaller than alleged by Sokoloff.
Download or read book Enterprising America written by William J. Collins and published by University of Chicago Press. This book was released on 2015-09-22 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers of the conference "Enterprising America: businesses, banks, and credit markets in historical perspective", held at Vanderbilt University, Nashville TN, on December 14, 2013.
Download or read book The International Handbook of Competition written by Manfred Neumann and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔThis comprehensive Handbook demonstrates that academic thinking, new and old, has a role to play in shaping modern competition policy.Õ Ð Gunnar Niels, Oxera This indispensable Handbook examines the interface of competition policy, competition law and industrial economics. The book aims to further our understanding of how economic reasoning and legal expertise complement each other in defining the fundamental issues and principles in competition policy. In specially commissioned chapters the book provides a scholarly review of economic theory, empirical evidence and standards of legal evaluation with respect to monopolization of markets, exploitation of market power and mergers, among other issues. The International Handbook of Competition Ð Second Edition will be accessible to a wide audience including students of economics and law, public administrators, lawyers, consultants, and business executives.
Download or read book A Deplorable Scarcity written by Fred Bateman and published by UNC Press Books. This book was released on 2017-10-10 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this major reexamination of the southern industrial economy and its failure to progress during the antebellum period, Fred Bateman and Thomas Weiss show that slavery and its consequences were not alone in inhibiting industrialization. They argue, rather, that the planters hesitated to invest in high-risk enterprises and worried that industrialization would undermine their authority. Underpinning this study is a massive data collection from census reports, which permits an economic analysis that was previously not feasible.
Download or read book American Economic Growth and Standards of Living before the Civil War written by Robert E. Gallman and published by University of Chicago Press. This book was released on 2007-12-01 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: This benchmark volume addresses the debate over the effects of early industrialization on standards of living during the decades before the Civil War. Its contributors demonstrate that the aggregate antebellum economy was growing faster than any other large economy had grown before. Despite the dramatic economic growth and rise in income levels, questions remain as to the general quality of life during this era. Was the improvement in income widely shared? How did economic growth affect the nature of work? Did higher levels of income lead to improved health and longevity? The authors address these questions by analyzing new estimates of labor force participation, real wages, and productivity, as well as of the distribution of income, height, and nutrition.
Download or read book A Bibliography of Historical Economics to 1980 written by Deirdre N. McCloskey and published by Cambridge University Press. This book was released on 1990 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historians and economists will find here what their fields have in common - the movement since the 1950s known variously as 'cliometrics', 'economic history', or 'historical economics'. A leading figure in the movement, Donald McCloskey, has compiled, with the help of George Hersh and a panel of distinguished advisors, a highly comprehensive bibliography of historical economics covering the period up until 1980. The book will be useful to all economic historians, as well as quantitative historians, applied economists, historical demographers, business historians, national income accountants, and social historians.
Download or read book Quantitative Economic History written by Joshua L. Rosenbloom and published by Routledge. This book was released on 2008-03-26 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this book use the analytical tools and theoretical framework of economics to interpret quantitative historical evidence, offering new ways to approach historical issues and suggesting entirely new types of evidence outside conventional archives. Rosenbloom has gathered together seven essays from leading quantitative economic historians, illustrating the breadth of scope and continued importance of quantitative economic history. All of the chapters explore in one way or another the economic and social transformations associated with the emergence of an industrial and post-industrial economy, with most focusing on the transformations of the US economy in the late nineteenth and early twentieth centuries, the technological innovations that factored into this transformation and the relationship between industrialization and rising wealth inequality.
Download or read book Political Institutions and Economic Growth in Latin America written by Stephen Haber and published by Hoover Institution Press. This book was released on 2013-11-01 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political Institutions and Economic Growth in Latin America offers a new contribution to the literature on institutions and growth through the analysis of historical cases of institutional change and economic growth in Latin America in the nineteenth and twentieth centuries.
Download or read book Trends in the American Economy in the Nineteenth Century written by Conference on Research in Income and Wealth and published by Princeton : University Press. This book was released on 1960 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Contains most of the papers presented at the joint sessions of the Economic History Association and the Conference on Research in Income and Wealth held in Williamstown, Massacusetss, in September 1957." Includes bibliographical references.
Download or read book BEBR Faculty Working Paper written by and published by . This book was released on 1975 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Labor Productivity in the United States and the United Kingdom During the Nineteenth Century written by Stephen N. Broadberry and published by . This book was released on 2004 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A number of writers have recently questioned whether labor productivity or per capita incomes were ever higher in the United Kingdom than in the United States. We show that although the United States already had a substantial labor productivity lead in industry as early as 1840, especially in manufacturing, labor productivity was broadly equal in the two countries in agriculture, while the United Kingdom was ahead in services. Hence aggregate labor productivity was higher in the United Kingdom, particularly since the United States had a larger share of the labor force in low value-added agriculture. U.S. overtaking occurred decisively only during the 1890s, as labor productivity pulled ahead in services and the share of agricultural employment declined substantially. Labor force participation was lower in the United States, so that the United Kingdom's labor productivity advantage in the mid-nineteenth century translated into a larger per capita income lead"--NBER website
Download or read book Explorations in Entrepreneurial History written by and published by . This book was released on 1979 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hand and Machine Labor General table Production by hand and machine methods written by United States. Bureau of Labor and published by . This book was released on 1899 with total page 1206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Latin America and the World Economy Since 1800 written by John H. Coatsworth and published by Harvard University Press. This book was released on 1998 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Latin American economies, once among the most productive in the world, were already falling behind the advancing economies of the North Atlantic by 1800. A century later, nearly all were "underdeveloped." In the twentieth century, most grew respectably but none managed to catch up. What explains these trends? How important were Latin America's changing relations with the evolving global economy? What hypotheses should be rejected or modified?
