File Name: enflo regional and industrial growth patterns in 20th century western europe .zip
The credit system in the growth process of post-World War II Italy has often been dismissed as a waste of money or ancillary to industrialization at best. This paper provides evidence of both an industrialization strategy driven by credit deepening and the beneficial role played by credit systems in growth. By using a new data set of long-run loans to industrial manufacturing sectors, broken down by area, we find in the long run a strong and positive effect of credit deepening on the value added per worker in the Italian economy during the Golden Age — The role of financial intermediation in the growth process is a matter for debate in the economic literature.
In this chapter, I estimate French regional gross value added per capita in constant terms between and , to better understand regional inequalities within the country and to allow comparison with other European regions. To this end, I develop a novel regional income estimation model, where income is specified as a function of shifts in sectoral employment structure. Its conceptual basis is uncontroversial, its data requirements are low, and it withstands robustness checks. Caruana-Galizia, P. Emerald Group Publishing Limited. Report bugs here.
In many countries, regional income inequality has followed an inverted U-shaped curve, growing during industrialization and market integration and declining thereafter. By contrast, Sweden's regional inequality dropped from to and did not exhibit this U-shaped pattern. Accordingly, today's regional income inequality in Sweden is lower than in other European countries. We note that the prime mover behind the long-run reduction in regional income differentials was structural change, whereas neoclassical and technological forces played a relatively less important role. However, this process of regional income convergence can be divided into three major periods.
Start Search. Search Results. Hits on this site 0 All results within Lund University This thesis deals with various aspects of growth, convergence and technological change, all analysed from an empirical perspective. A common theme throughout the six chapters is the analysis of economic historical questions of productivity…. Sweden experienced a decline in inter-county real wage differentials for agricultural workers between and , historical evidence of early labour market integration well before widespread unionization in agriculture occurred. Productivity and employment-Is there a trade-off?
rather than national level, using urbanization rates and GDP per urbanization and growth over the 20th century after controlling for the Department of Economic History, Lund University: [email protected] relationship in Western and Central Europe compared to Southern and Northern Europe.
Universitat de Barcelona, Spain. Paul M Romer, Barro, R.
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