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92. Distribution Dynamics: Stratification, Polarization and Convergence Among OECD Economies, 1870-1992
- Author:
- Philip Epstein
- Publication Date:
- 10-2000
- Content Type:
- Working Paper
- Abstract:
- Since the 1980s the debate about economic convergence has dominated empirical work about the dynamics of growth. Economic historians have been attracted, in particular, by stories of club convergence. However, the analytical foundations of most of the work in this area have rested on linear, or more usually log-linear, regression analysis. Thus, the results tend to be dependent on a conditional average in which time is the dominant player. This is surprising as space, and issues of distribution, have long been important to both theorists and historians. A notable exception to the 'regression school' has been the work on distribution dynamics pioneered in a series of papers by Danny Quah (1993, 1996, 1997). He believes that only by considering the issues of growth and distribution simultaneously can we understand their underlying dynamics. He has argued, for example, that there is no simple causal relationship between the concepts of β-convergence and σ- convergence and that similar stories of global (or club) convergence may be driven by very different stories of individual economy mobility. This is an approach that should appeal to economic historians (both because it can encompass a rich diversity of individual economy experience and because it emphasises that same diversity). We hope to illustrate this by considering the experience of some of the leading OECD economies since 1870 within an explicit distribution dynamics framework.
- Topic:
- Economics, Industrial Policy, and International Trade and Finance
- Political Geography:
- United Kingdom
93. Competition and Innovation in 1950's Britain
- Author:
- Stephen Broadberry and Nicholas Crafts
- Publication Date:
- 10-2000
- Content Type:
- Working Paper
- Abstract:
- We find little support for the Schumpeterian hypothesis of a positive relationship between market power and innovation in 1950's Britain even though many economists and policymakers accepted it at the time. Price-fixing agreements were very widespread prior to the 1956 Restrictive Practices Act and they seem to have had adverse effects on costs and productivity. Competition policy appears to have been much too lenient but the productivity problems of British industry at this time are best viewed as arising largely from the difficulties of reaping the benefits of innovation rather than from a failure to innovate per se.
- Topic:
- Economics, Industrial Policy, and International Trade and Finance
- Political Geography:
- Britain and United Kingdom
94. Market Integration in the North and Baltic Seas, 1500-1800
- Author:
- David Jacks
- Publication Date:
- 10-2000
- Content Type:
- Working Paper
- Abstract:
- Ever since the time of Adam Smith, the attribution to foreign trade of the ability to affect the wholesale transformation of the productive powers of an economy has remained a very powerful concept in both economics and economic history. At the heart of this interpretation is the observation that improvements in productivity are generated by the expansion of trade through the spreading of fixed costs and an increasing international division of labour.
- Topic:
- Economics, International Trade and Finance, and Regional Cooperation
- Political Geography:
- United Kingdom
95. Development History
- Author:
- N.F.R. Crafts
- Publication Date:
- 10-2000
- Content Type:
- Working Paper
- Abstract:
- This paper discusses some aspects of the changing relationship between the study of economic history and development economics. Forty years ago the subjects seemed to be quite closely linked in the sense that senior figures straddled both areas, the development history of the advanced countries was frequently studied with a view to deriving lessons for development policy and economic historians made big generalizations as to what these were. In the 1990s, things appear to have been very different. There is much less overlap between the fields of development and history, historians have largely retreated from the brash claims of the early postwar generation and less- developed countries have their own well-documented recent history from which to draw lessons. This state of affairs is clearly reflected in the most recent edition of Meier (1995) where the historical perspective on development is still derived largely from Gerschenkron and Rostow.
- Topic:
- Development, Economics, and Regional Cooperation
- Political Geography:
- United Kingdom
96. The Place of the Defense Industry in National Systems of Innovation
- Author:
- Kenneth Flamm, Ann Markusen, Judith Reppy, John Lovering, Claude Serfati, Andrew D. James, Eugene Cobble, Judith Sedaitis, Corinna-Barbara Francis, Dov Dvir, Asher Tishler, and Etel Solingen
- Publication Date:
- 04-2000
- Content Type:
- Working Paper
- Institution:
- The Judith Reppy Institute for Peace and Conflict Studies
- Abstract:
- A review of current and forthcoming developments in the European defense industry (which here means mainly Britain, France, Germany, and Italy) would lead, I believe, to some fairly clear conclusions. The relationship between sectoral and national (including regional) economic development is changing profoundly. This is above all because the defense industry currently represents a major and extremely significant instance of globalization. However, this is not the kind of globalization described in many summaries.
- Topic:
- Security, Defense Policy, Economics, and Industrial Policy
- Political Geography:
- Russia, United States, China, United Kingdom, Middle East, and France
97. Economic Stability and the World Economy
- Author:
- Gordon Brown
- Publication Date:
- 09-1999
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- Only a year ago, an increasingly turbulent and inadequately supervised financial system threatened global instability.Since the height of the financial instability last september, the world has taken rapid and decisive action and the world has started to put in place new long term disciplines to promote greater stability.
- Topic:
- Economics, International Cooperation, and International Political Economy
- Political Geography:
- United Kingdom, America, and Europe
98. The Myth of Meritocracy? An Inquiry into the Social Origins of Britain's Business Leaders Since 1850
- Author:
- Tom Nicholas
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Abstract:
- Recent sociological analysis of the extent to which modern British society has become more meritocratic raises important conceptual issues for the recurrent economic history debate concerning the social mobility of Britain's business leaders. The majority view in this debate is that high social status backgrounds have predominated in the profiles of businessmen throughout the nineteenth and twentieth centuries. François Crouzet's The First Industrialists reveals that Britain's industrial pioneers were drawn largely from the middle-and upper-classes, and that the image of the self-made man as the mainstay of the Industrial Revolution is a myth. Stanworth and Giddens identify a prevalence of 'elite self-recruitment' among deceased company chairmen active in large corporations and banks between 1900 and 1970. Scott's work on the upper classes distinguishes a 'core' business stratum characterised by kinship and privilege. Bringing together a range of research on the social origins of businessmen in the twentieth century, Jeremy asserts that 'it was rare for sons of the semi-skilled and unskilled to rise to national leadership in Britain'. The typical twentieth century business leader is upper-or upper middle-class by social origin, rising through the public schools and Oxbridge into the higher echelons of the business community.
- Topic:
- Economics, Industrial Policy, and Regional Cooperation
- Political Geography:
- Britain and United Kingdom
99. Nutrition and Economic Destitution in Northern Ghana, 1930-1957. A Historical Perspective on Nutritional Economics
- Author:
- Jérùme Destombes
- Publication Date:
- 01-1999
- Content Type:
- Working Paper
- Abstract:
- This research takes Iliffe's suggestion seriously. For the student of Sub- Saharan Africa who has decided to explore a plausible route of causation between nutrition and poverty, the most urgent task is to disregard the initial discouragement triggered by the scarcity of references. The lack of relevant data is commonly pointed out and the contrast with the powerful insights made throughout the last decade by development economists is striking: poverty issues have been comprehensively investigated with behavioural models that strive to capture household strategies to cope with nutritional inadequacy and scarcity of resources. Although these strategies potentially have immense effects on welfare, development and the effectiveness of public policies, there have been few attempts to examine nutrition in less-developed countries through an economic history lens.
- Topic:
- Economics and Industrial Policy
- Political Geography:
- United Kingdom and Ghana
100. EU—Membership Indecision
- Author:
- Oxford Analytica
- Publication Date:
- 09-1999
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The attractions of the single european currency are likely to draw the Scandinavian countries into the euro-area by around 2003. However, the outlook for United Kingdom accession is complicated by differences in its economic profile compared with the rest of the euro-area, combined with its enduringly euro-sceptical public opinion. These factors are likely to postpone its accession until later in the decade.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United Kingdom and Europe