| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP11627
|
| DP11627 Market Integration as a Mechanism of Growth |
| Wolfgang Keller; Carol Shiue
|
| 发表日期 | 2016-11-11
|
| 出版年 | 2016
|
| 语种 | 英语
|
| 摘要 | This paper focuses on market integration as a mechanism through which institutions
affect growth by examining city growth in 19th century Germany, when some
cities experienced deep institutional reform as a result of French rule. Employing an
instrumental-variables approach, we show evidence for a hierarchy of growth factors in
which institutions affect market integration more than market integration affects institutions.
It was institutional improvements that were crucial to market integration,
rather than just declining transport costs, which increased city growth during this time
period. The institutional reforms, however, were transmitted through the mechanism
of market integration. This created a much larger impact on city growth compared
to the institutional impact independent from the market integration mechanism. The
approach we take can be applied to other causes of economic growth. |
| 主题 | Economic History
; Macroeconomics and Growth
|
| URL | https://cepr.org/publications/dp11627
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540441
|
推荐引用方式
GB/T 7714 |
Wolfgang Keller,Carol Shiue. DP11627 Market Integration as a Mechanism of Growth. 2016.
|
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