G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11976
DP11976 Spatial Competition, Innovation and Institutions: The Industrial Revolution and the Great Divergence
Klaus Desmet; Avner Greif; Stephen Parente
发表日期2017-04-19
出版年2017
语种英语
摘要Why do some countries industrialize much earlier than others? One widely-accepted answer is that markets need to be large enough for producers to find it profitable to bear the fixed cost of introducing modern technologies. This insight, however, has limited explanatory power, as illustrated by England having industrialized nearly two centuries before China. This paper argues that a market-size-only theory is insufficient because it ignores that many of the modern technologies associated with the Industrial Revolution were fiercely resisted by skilled craftsmen who expected a reduction in earnings. Once we take into account the incentives to resist by factor suppliers' organizations such as craft guilds, we theoretically show that industrialization no longer depends on market size, but on the degree of spatial competition between the guilds' jurisdictions. We substantiate the relevance of our theory for the timing of industrialization in England and China (i) by providing historical and empirical evidence on the relation between spatial competition, craft guilds and innovation, and (ii) by showing that a model of our theory calibrated to historical data on spatial competition correctly predicts the timing of industrialization in both countries. The theory can therefore account for both the Industrial Revolution and the Great Divergence.
主题Economic History ; International Trade and Regional Economics ; Macroeconomics and Growth
关键词Industrial revolution Great divergence Craft guilds Spatial competition Inter-city competition Market size Endogenous institutions Innovation Adoption of technology
URLhttps://cepr.org/publications/dp11976
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/540787
推荐引用方式
GB/T 7714
Klaus Desmet,Avner Greif,Stephen Parente. DP11976 Spatial Competition, Innovation and Institutions: The Industrial Revolution and the Great Divergence. 2017.
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