nep-his 2013-11-22, 24 papers

NEP: New Economics Papers
Business, Economic and Financial History

Edited by: Bernardo Batiz-Lazo
Bangor University
Issue date: 2013-11-22
Papers: 24

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In this issue we have:

  1. Creative accounting in the British Industrial Revolution: Cotton manufacturers and the ‘Ten Hours’ Movement. Toms, Steven; Shepherd, Alice
  2. Resetting the Urban Network: 117-2012 Ferdinand Rauch; Guy Michaels
  3. The rise and fall of the world’s largest wine exporter (and it’s institutional legacy). Meloni, Giulia; Swinnen, Jo
  4. Solow’s Struggle with Medium-Run Macroeconomics: 1956-1995 Michaël Assous
  5. QWERTY and the search for optimality Neil M Kay
  6. A Path Through the Wilderness: Time Discounting in Growth Models Pedro Garcia Duarte
  7. Does Welfare Spending Crowd Out Charitable Activity? Evidence from Historical England under the Poor Laws Nina Boberg-Fazlic; Paul Sharp
  8. The Bank of England and the British Economy, 1890-1913 Nicholas Dimsdale
  9. Disease load at conception predicts survival in later epidemics in a historical French-Canadian cohort, suggesting functional epigenetic imprinting Kai P. Willführ; Mikko Myrskylä
  10. The Economic Payoff of Name Americanization Biavaschi, Costanza; Giulietti, Corrado; Siddique, Zahra
  11. Social Capital and Human Capital in the Colonies: A Study of Cocoa Farmers in Western Nigeria Nonso Obikili
  12. The technological origins and novelty of breakthrough inventions. Arts, Sam; Veugelers, Reinhilde
  13. Asia Chartbook: Crises, Credit and Debt, 1835-2013 Carmen M. Reinhart
  14. Hunger in the former apartheid homelands: Determinants of converging food security 100 years after the 1913 Land Act Louw Pienaar; Dieter von Fintel
  15. Deconstructing meaning: Industrial design as Adornment and Wit Armand Hatchuel
  16. Heterogeneous Technology Diffusion and Ricardian Trade Patterns William R. Kerr
  17. Mapping Crisis-Era Protectionism in the Asia Pacific Region Evenett, Simon
  18. Trends and Challenges of India’s Balance of Payments Sreenilayam, Dr Jomon Mathew
  19. Political Parties and Trade Unions in Cyprus Yiannos Katsourides
  20. Lehman Died, Bagehot Lives: Why Did the Fed and Treasury Let a Major Wall Street Bank Fail? William R. Cline; Joseph E. Gagnon
  21. Mafia in the ballot box Giuseppe De Feo; Giacomo De Luca
  22. How to write and publish a paper in a journal indexed in Web of Science: a closer look to Eastern European economics, business and management journals Mirjana Pejić Bach
  23. Testing the Prebisch-Singer Hypothesis Since 1650: Evidence from panel techniques that allow for multiple breaks Rabah Arezki; Kaddour Hadri; Yao Rao
  24. Managers and Market Capitalism Rebecca Henderson; Karthik Ramanna


  1. Creative accounting in the British Industrial Revolution: Cotton manufacturers and the ‘Ten Hours’ Movement.
    Date: 2013-11-15
    By: Toms, Steven
    Shepherd, Alice
    The paper examines an early case of creative accounting, and how, during British industrialization, accounting was enlisted by the manufacturers’ interest to resist demands, led by the ‘Ten hours’ movement, for limiting the working day. In contrast to much of the prior literature, which argues that entrepreneurs made poor use of accounting techniques in the British industrial revolution, the paper shows that there was considerable sophistication in their application to specific purposes, including political lobbying and accounting for the accumulation of capital. To illustrate lobbying behaviour, the paper examines entrepreneurs’ use of accounting to resist the threat of regulation of working time in textile mills. It explains why accounting information became so important in the debate over factory legislation. In doing so, it shows that a significant element was the accounting evidence of one manufacturer in particular, Robert Hyde Greg, which had a strong impact on the outcome of the parliamentary process. The paper uses archival evidence to illustrate how accounting was used in Greg’s enterprise and the reality of its economic performance. The archival evidence of actual performance is then contrasted with the figures presented by Greg to the Factories Inquiry Commission, convened by the House of Commons in 1833-1834 to hear witnesses from the manufacturing interest. These sets of figures are compared and contrasted and discrepancies noted. Conclusions show that the discrepancies were substantial, motivated by Greg’s incentives to present a particular view of low profits, high fixed costs, and the threat of cheaper overseas competition. The figures appeared to lend some credibility to the apparent plight of manufacturers and to Nassau Senior’s flawed argument about all profit being earned in the ‘last hour’ of the working day. The consequence was a setback for the Ten Hours movement, leading to a further intensification of political struggles over working conditions in the 1840s.
    Keywords: Key words: British Industrial Revolution, Accounting, Child labour, Factory Reform, Lancashire cotton textiles, Greg, Quarry Bank Mill
    JEL: J21 J31 K31 L50 L67 M4 N13 O14 O15 O38
  2. Resetting the Urban Network: 117-2012
    Date: 2013-11-19
    By: Ferdinand Rauch
    Guy Michaels
    Do locational fundamentals such as coastlines and rivers determine town locations, or can historical events trap towns in unfavorable locations for centuries?� We examine the effects on town locations of the collapse of the Western Roman Empire, which temporarily ended urbanization in Britain, but not in France.� As urbanization recovered, medieval towns were more often found in Roman-era town locations in France than�in Britain, and this difference still persists today.� The resetting of Britain’s urban network gave it better access to naturally navigable waterways when this was important, while many French towns remained without such access.
    Keywords: Economic Geography, Economic History, Path Dependence, Transportation
    JEL: R11 N93 O18
  3. The rise and fall of the world’s largest wine exporter (and it’s institutional legacy).
    Date: 2013
    By: Meloni, Giulia
    Swinnen, Jo
    It is hard to imagine in the 21st global wine economy, but until 50 years ago Algeria was the largest exporter of wine in the world – and by a wide margin. Between 1880 and 1930 Algerian wine production grew dramatically. Equally spectacular is the decline of Algerian wine production: today, Algeria produces and exports little wine. This paper analyzes the causes of the rise and the fall of the Algerian wine industry. There was an important bi-directional impact between developments of the Algerian wine sector and French regulations. French regulations had a major impact on the Algerian wine industry. Vice versa, the growth of the Algerian wine industry triggered the introduction of important wine regulations in France at the beginning of the 20th century and during the 1930s. Important elements of these regulations are still present in the European Wine Policy today.
    Keywords: European agriculture; wine history; regulation; appelations; institutions;
  4. Solow’s Struggle with Medium-Run Macroeconomics: 1956-1995
    Date: 2013-11
    By: Michaël Assous (GREDEG CNRS)
    Solow has repeatedly called for the development of models that combine equilibrium and out-of equilibrium outcomes or what he called a macroeconomics of the medium-run. This paper recounts the history of Solow’s different attempts to address this issue. It starts in early 1950s when Solow developed his long-run growth model and it ends in the mid-1990s with the publication of A Critical Essay on Modern Macroeconomic Theory co-written with Frank Hahn. This narrative involves different economists associated with various research traditions, going from the neo-classical synthesis in the 1960s, the New Classical Economics in the 1970s and the New Keynesianism in the 1980s.
    Keywords: economic growth, Robert Solow, Medium-Run macroeconomics, dynamics, multiple equilibria
    JEL: B22 O4 E12 E13 N1 B31
  5. QWERTY and the search for optimality
    Date: 2013-10
    By: Neil M Kay (Department of Economics, University of Strathclyde)
    This paper shows how one of the developers of QWERTY continued to use the trade secret that underlay its development to seek further efficiency improvements after its introduction. It provides further evidence that this was the principle used to design QWERTY in the first place and adds further weight to arguments that QWERTY itself was a consequence of creative design and an integral part of a highly efficient system rather than an accident of history. This further serves to raise questions over QWERTY’s forced servitude as “paradigm case†of inferior standard in the path dependence literature. The paper also shows how complementarities in forms of intellectual property rights protection played integral roles in the development of QWERTY and the search for improvements on it, and also helped effectively conceal the source of the efficiency advantages that QWERTY helped deliver.
    Keywords: QWERTY, invention, path dependence, path creation, patents, trade secrets
  6. A Path Through the Wilderness: Time Discounting in Growth Models
    Date: 2013-11-12
    By: Pedro Garcia Duarte
    Although economists have recognized long ago that “time enters into all economic questions”, the ways they treated and modeled time has varied substantially in the last century. While in the 1930s there was a distinctive Cambridge tradition against discounting utilities of future generations, to which Frank Ramsey subscribed, postwar neoclassical growth economists (of the “Ramsey-Cass-Koopmans model”) applied the discount factor either to individual’s or to social planner’s decision-making as a technical requirement of dynamic general equilibrium models. My goal in this article is to shed some historical light on how a practice that was condemned as ethically indefensible when applied to intergenerational comparisons became a technical requirement in dynamic models of either a consumer or a planner deciding the intertemporal allocation of resources.
    Keywords: time discount; growth models; Ramsey-Cass-Koopmans model; economic dynamics
    JEL: B22 B23 E32
  7. Does Welfare Spending Crowd Out Charitable Activity? Evidence from Historical England under the Poor Laws
    Date: 2013-11
    By: Nina Boberg-Fazlic (University of Copenhagen)
    Paul Sharp (University of Copenhagen)
    This paper examines the relationship between government spending and charitable activity. We present a novel way of testing the ‘crowding out hypothesis’, making use of the fact that welfare provision under the Old Poor Laws was decided on the parish level, thus giving the heterogeneity we need to test for the impact of different levels of welfare support within a single country. Using data on poor relief spending combined with data on charitable incomes by county for two years before and after 1800, we find a positive relationship: areas with more public provision also enjoyed higher levels of charitable income. These results are confirmed when instrumenting for Poor Law spending using the distance to London and historical migration to London, as well as when looking at first differences.
    Keywords: Charity, crowding out hypothesis, England, Poor Laws
    JEL: H5 I3 N3
  8. The Bank of England and the British Economy, 1890-1913
    Date: 2013-10-24
    By: Nicholas Dimsdale
    The paper examines the behavior of the British economy 1890-1913 by using a newly assembled quarterly data set.� This provides a basis for estimating a small macroeconomic model, which can be used to explore the relationship between the policy responses of the Bank of England and the course of the economy.� It is one of the few papers to make use of UK quarterly data and seeks to extend the earlier work of Goodhart (1972).� The paper goes on to look into the determinants of external and internal gold flows and relates these to an extensive historical literature.� The outcome is compared with the traditional representation of the working of the gold standard, as set out in the well-known Interim Report of the Cunliffe Committee (1918).� It is found that operation of the model accords in general with the views of the Committee.� The views of the Committee were applicable to the pre 1914 gold standard, but less so to the restored interwar gold standard. The next question to be considered is how far the Bank observed ‘The Rules of the Game’ in the sense of relating the reserves of the commercial banks to the gold reserves held at the Bank.� It is shown that the relationship between the Bank’s reserves and the reserves of the commercial banks was severely distorted by the massive gold movements of 1895-6.� These flows were associated with US political conflicts over the monetization of silver.� With the exception of this episode, the Bank is shown to have had a limited measure of discretion in operating the gold standard.� The final question to be considered is whether a similar model can be estimated from US data and related to the views of Friedman and Schwartz.
  9. Disease load at conception predicts survival in later epidemics in a historical French-Canadian cohort, suggesting functional epigenetic imprinting
    Date: 2013-10
    By: Kai P. Willführ (Max Planck Institute for Demographic Research, Rostock, Germany)
    Mikko Myrskylä (Max Planck Institute for Demographic Research, Rostock, Germany)
    Background: Epigenetic inheritance is a potentially important determinant of health in several mammals. For humans, the existing evidence is weak. We investigate whether disease exposure triggers functional epigenetic inheritance among humans by analyzing siblings who were conceived under different disease loads, and comparing their mortality in later epidemics. Under functional epigenetic inheritance, we expect that those who were conceived under high pathogenic stress load will have relatively low mortality during a later epidemic. Methods: We use data from the Registre de la Population du Québec Ancien, which covers the historical population living in St. Lawrence Valley, Québec, Canada. Children born in 1705-1724 were grouped according to their exposure during conception to the measles 1714-15 epidemic. The 1714-15 epidemic was followed by two mortality crises in 1729-1734 which were caused by measles and smallpox. Using proportional hazard Cox regression models with multivariate adjustment and with fixed-effects approach that compare siblings, we analyze whether mortality in 1729-1734 is affected by exposure to the 1714-15 epidemic. Results: hildren who were conceived during the peak of the measles epidemic of 1714-15 exhibited significantly lower mortality during the 1729-1734 crisis than those who were born before the 1714-15 epidemic (mortality hazard ratio 0.106, p
    JEL: J1 Z0
  10. The Economic Payoff of Name Americanization
    Date: 2013-11
    By: Biavaschi, Costanza (IZA)
    Giulietti, Corrado (IZA)
    Siddique, Zahra (University of Reading)
    We examine the impact of the Americanization of names on the labor market outcomes of migrants. We construct a novel longitudinal data set of naturalization records in which we track a complete sample of migrants who naturalize by 1930. We find that migrants who Americanized their names experienced larger occupational upgrading. Some, such as those who changed to very popular American names like John or William, obtained gains in occupation-based earnings of at least 14%. We show that these estimates are causal effects by using an index of linguistic complexity based on Scrabble points as an instrumental variable that predicts name Americanization. We conclude that the tradeoff between individual identity and labor market success was present since the early making of modern America.
    Keywords: Americanization, names, assimilation, migration
    JEL: J61 J62 Z1 N32
  11. Social Capital and Human Capital in the Colonies: A Study of Cocoa Farmers in Western Nigeria
    Date: 2013
    By: Nonso Obikili
    I examine the relationship between social and human capital in colonial Western Nigeria. Using data on expenditure of cocoa farmers in 1952, I show that farmers in townships with higher social spending individually spend more on education. The relationship holds after controlling for various characteristics of the farmers and the townships. Thus I show that there is a relationship between social and human capital and that this relationship was already present during the colonial era.
    Keywords: Human Capital, social capital, Africa
    JEL: J24 D71 N37
  12. The technological origins and novelty of breakthrough inventions.
    Date: 2013-01
    By: Arts, Sam
    Veugelers, Reinhilde
    We explore the relationship between the technological origins and novelty of inventions on the one hand and their technological impact on the other hand. In particular, we are interested into the technological origins and novelty of breakthrough inventions. By jointly looking at the effects of the origins and novelty on an invention’s average impact, on the likelihood of a very poor invention, and on the likelihood of a breakthrough, we identify some trade-offs researchers face when exploring breakthroughs. For evidence, we consider the US patent record in biotechnology from 1976 to 2001. Our analysis shows that breakthroughs in biotechnology rely more on non-technical and technical prior art, particularly more recent technical prior art, prior art from many different technology fields, and prior art from unfamiliar technology fields. Yet, breakthroughs are less likely to have a dissimilar set of technical prior art citations, as they are more likely to use prior art previously cited by many other inventions. Besides differences in the origins, we find significant differences in the technological novelty. Breakthroughs are more novel in the sense that they are more likely to recombine technological components for the first time in history, particularly more familiar technological components.
    Keywords: origins; novelty; breakthrough; invention; biotechnology; patents;
  13. Asia Chartbook: Crises, Credit and Debt, 1835-2013
    Date: 2013-11
    By: Carmen M. Reinhart
    This Chartbook, which is a companion piece to Carmen M. Reinhart and Takeshi Tashiro (2013) “Crowding Out Redefined: The Role of Reserve Accumulation,” focuses on nine Asian economies: China, India, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore and Thailand. Like its predecessor (Reinhart, 2010), it provides a pictorial history, on a country-by-country basis. In addition to public debt, we trace out the evolution of its composition between domestic and external borrowing. Total external debt (public and private) and domestic credit are also included through 2013. This combination gives a broad (but not complete) picture of a country’s indebtedness. It should be ideally supplemented (where relevant) by indicators and trends in the shadow banking sector, as discussed in Shin (2013). It is also timeline of a country’s creditworthiness and financial turmoil (including its history, if any, with IMF programs).
    JEL: E51 F3 G01 H63 N25
  14. Hunger in the former apartheid homelands: Determinants of converging food security 100 years after the 1913 Land Act
    Date: 2013
    By: Louw Pienaar (Western Cape Department of Agriculture, Elsenburg)
    Dieter von Fintel (Department of Economics, University of Stellenbosch)
    One hundred years after the implementation of the 1913 Land Act, the subject of land reform and rural development are still at the forefront of public discourse within South Africa. Much of the literature suggests that post-apartheid interventions have not been successful at improving small-scale agriculture, which is seen as an important vehicle for improving rural food security. Nevertheless, data from the General Household Survey indicate that household food security has improved in the post-2000 decade. In particular, this paper demonstrates that hunger levels have declined substantially since 2002 (as other estimates of poverty have also indicated), but more importantly that they have done so faster in former homelands regions. Using linear probability models, this paper seeks to isolate which factors have led to the convergence of homeland regions’ hunger levels to the rest of the country. The historical context that is sketched here highlights the severe challenges faced by farmers in these areas; this raises the question how convergence in food security occurred, given that many agricultural interventions have not attained the success that was hoped for. In particular, the large reliance on social grants in homelands regions accounts for a part of the reduction in hunger levels. Communal gardens and connections to the agricultural market have reduced hunger within former homelands regions. The long-term sustainability of grants in bolstering food security is of concern, highlighting the need for greater market integration of small scale farmers in homeland regions.
    Keywords: Food Security, Subsistence Farming, Apartheid Homelands, Social Pensions
    JEL: Q18 Q12 C31 H55
  15. Deconstructing meaning: Industrial design as Adornment and Wit
    Date: 2013
    By: Armand Hatchuel (CGS – Centre de Gestion Scientifique – MINES ParisTech – École nationale supérieure des mines de Paris)
    In this paper we present new theoretical perspectives about industrial design. First, we establish that antinomies about function, form and meaning cannot offer a theory of industrial design. Then we bear on advances in Design theory in the literature of engineering design to find out universal features of design which are common to industrial design, Architecture and Engineering. Taking into account social and cognitive contexts, we identify the dilemma that is specific of industrial design. This dilemma can be solved in two ways that we define as "adornement" and "wit" which differ by how the identity of objects is maintained or challenged by design. Each way corresponds to different types of rhetoric -classic and conceptist- that we identify. The combination of adornment and wit explains the generative power of industrial design and its paradoxical situation: neither Art, neither engineering. Moreover, the academic identity of industrial design research can be clarified within the traditions of Design theory, anthropology and rhetoric.
  16. Heterogeneous Technology Diffusion and Ricardian Trade Patterns
    Date: 2013-11
    By: William R. Kerr (Harvard Business School, Entrepreneurial Management Unit)
    This study tests the importance of Ricardian technology differences for international trade. The empirical analysis has three comparative advantages: including emerging and advanced economies, isolating panel variation regarding the link between productivity and exports, and exploiting heterogeneous technology diffusion from immigrant communities in the United States for identification. The latter instruments are developed by combining panel variation on the development of new technologies across U.S. cities with historical settlement patterns for migrants from countries. The instrumented elasticity of export growth on the intensive margin with respect to the exporter’s productivity growth is between 1.6 and 2.4 depending upon weighting.
    Keywords: Trade; Exports; Comparative Advantage; Technological Transfer; Patents; Innovation; Research and Development; Immigration; Networks;
    JEL: F11 F14 F15 F22 J44 J61 L14 O31 O33 O57
  17. Mapping Crisis-Era Protectionism in the Asia Pacific Region
    Date: 2013-11-14
    By: Evenett, Simon (Asian Development Bank Institute)
    This paper provides an account of how governments in the Asia and Pacific region have resorted in recent years to discrimination against foreign commercial interests. As in previous systemic economic crises, policymakers altered the mix of discriminatory policies employed. This time around governments of higher income economies in the region frequently softened the budget constraints of firms, offering a range of financial incentives that went beyond high-profile bank sector bailouts. Meanwhile, many developing countries in the Asia and Pacific region relied more on traditional forms of protectionism. The result is a more fragmented set of markets in the region than before the crisis.
    Keywords: protectionism; asia-pacific region; wto; non-tariff measures
    JEL: F13 F53
  18. Trends and Challenges of India’s Balance of Payments
    Date: 2013-06-11
    By: Sreenilayam, Dr Jomon Mathew
    Balance of Payments (BoP), being a record of the monetary transactions over a period with the rest of the world, reflects all payments and liabilities to foreigners and all payments and obligations received from foreigners. In this sense, the balance of payments is one of the major indicators of a country’s status in international trade. BoP accounting serves to highlight a country’s competitive strengths and weaknesses and helps in achieving balanced economic-growth. It can significantly affect the economic policies of a government and the economy itself. Therefore, every country strives to a have a favorable balance of payments and maintains its long run sustainability. India’s balance of payment position was quite unfavorable during the time of country’s entry into liberalized trade regime. Two decades of economic reforms and free trade opened several opportunities that, of course, reflected in the balance of payments performance of the country. This paper, therefore, attempts to evaluate the trends and emerging challenges of India’s Balance of Payments. The discussion is broadly classified into four parts viz. i) India’s balance of payments picture since 1991, ii) emerging role of invisibles and software services in balance of payments iii) unhealthy trends in FDI and iv) the vulnerability and challenges ahead.
    Keywords: Balance of payments, invisibles, FDI, globalisation, liberalisation
    JEL: F1 F3 F32
  19. Political Parties and Trade Unions in Cyprus
    Date: 2013-09
    By: Yiannos Katsourides
    The political parties in Cyprus are extremely powerful. They play a dominant role in the public as well as the private sphere, resulting in a civil society that is extremely weak. The article will address two issues. First, it will map the evolution of civil society organisations (CSOs), especially the trade unions, and their relationship with political parties. Trade unions are probably the most important and influential of the CSOs in Cyprus. Second, it will examine the relationship between political parties and trade unions in contemporary Cyprus, focusing on the changing context within which their interaction takes place, the strategies adopted by the two actors and the direction of influence between them. Research and analysis are based on interviews, surveys, party documents and other secondary literature.
    Keywords: Cyprus, political parties, civil society, trade unions, AKEL, DISY, PEO, SEK
  20. Lehman Died, Bagehot Lives: Why Did the Fed and Treasury Let a Major Wall Street Bank Fail?
    Date: 2013-09
    By: William R. Cline (Peterson Institute for International Economics)
    Joseph E. Gagnon (Peterson Institute for International Economics)
    Five years after the Federal Reserve and Treasury allowed the investment bank Lehman Brothers to fail, while rescuing Bear Stearns, Fannie Mae, Freddie Mac, and AIG, their actions (or inaction) remain a focus of debate. Cline and Gagnon present evidence that federal officials, at least in hindsight, appear to have followed the dictum of Walter Bagehot that lending should be granted only to solvent entities. Lehman was insolvent—probably deeply so—whereas the other institutions arguably were solvent. The other institutions had abundant collateral to pledge, whereas what little collateral Lehman had to pledge was of questionable quality and scattered across many affiliated entities. While the Fed and Treasury had a sound reason to let Lehman fail, the shock to financial markets that ensued from its collapse sent the financial crisis into a new, more acute phase and may have contributed to the severity of the Great Recession. Therefore the lesson from Lehman is not only that Bagehot-type lender-of-last-resort action is as important as ever but also that it is critical to ensure an orderly resolution for a systemically important financial institution going bankrupt.
  21. Mafia in the ballot box
    Date: 2013-11
    By: Giuseppe De Feo (: Department of Economics and Management, University of Pavia)
    Giacomo De Luca (University of York)
    We study the impact of organized crime on electoral competition. Assuming that the mafia is able to bring votes to the supported party in exchange of money, we show that (i) the strongest party is willing to pay the highest price to secure mafia services; (ii) the volume of electoral trade with the mafia increases with political competition and with the efficiency of the mafia. Studying in detail parliamentary elections in Sicily for the period 1946- 1992, we document the significant support given by the Sicilian Mafia to the Christian Democratic party, starting at least from the 1970s. This is consistent with our theoretical predictions, as political competition became much tighter during the 1970s and the Sicilian mafia experienced an extensive centralization process towards the end of the 1960s, which increased substantially its control of the territory. We also provide evidence that in exchange for its electoral support the mafia got economic advantages for its activities in the construction industry.
    Keywords: electoral competition, mafia, Cosa Nostra, electoral fraud
    JEL: D72 K42 H42
  22. How to write and publish a paper in a journal indexed in Web of Science: a closer look to Eastern European economics, business and management journals
    Date: 2013-11-13
    By: Mirjana Pejić Bach (Faculty of Economics and Business, University of Zagreb)
    Scientific research publishing carries huge importance for the development of the society. Apart from the dissemination of knowledge, there are also motives for publication of scientific research results at the level of individual reserachers: it might be a requirement for graduation or promotion, and there is also an individuals’s wish to be recognized as a respectable researcher. Depending on how difficult it is for a paper to get accepted for publishing, publications can be ranged from the least difficult to the most difficult to get published in, in the following order: a book chapter, a conference, a non-indexed journal and an indexed journal. Journals are currently indexed in two databases: Scopus and Web of Science. Of the two, Web of Science has a long tradition and is formally accepted in a number of countries and institutions as an indicator of the quality of an indexed journal. Hence, publication in a journal that is indexed in Web of Science is an important venue for scientific researchers, although previously published papers indicate that there are substantial obstacles for researchers from developing countries. When considering writing for publication, four critical questions emerge: (1) How to pick a topic that is relevant for publication?, (2) How to select a journal for possible publication of research results?, (3) How to structure the paper in accordance with the IMRAD format?, and (4) How to efficiently write the paper?. The goal of the paper is to propose simple, yet highly applicable advice when answering these questions and thus pursuing the publication of a paper in a scientific journal providing a closer look to economics, business and management journals indexed in Web of Science that focus on Eastern European countries.
    Keywords: publication, scientific research, knowledge, economics, business, management, academic writting
    JEL: A10 Y20
  23. Testing the Prebisch-Singer Hypothesis Since 1650: Evidence from panel techniques that allow for multiple breaks
    Date: 2013-10-10
    By: Rabah Arezki
    Kaddour Hadri
    Yao Rao
    In this paper, we re-examine two important aspects of the dynamics of rel- ative primary commodity prices, namely the secular trend and the short run volatility. To do so, we employ 25 series, some of them starting as far back as 1650 and powerful panel data stationarity tests that allow for endogenous multiple structural breaks. Results show that all the series are stationary after allowing for endogeneous multiple breaks. Test results on the Prebisch-Singer hypothesis, which states that relative commodity prices follow a downward sec- ular trend, are mixed but with a majority of series showing negative trends. We also make a .rst attempt at identifying the potential drivers of the structural breaks. We end by investigating the dynamics of the volatility of the 25 relative primary commodity prices also allowing for endogenous multiple breaks. We describe the often time-varying volatility in commodity prices and show that it has increased in recent years. � �
  24. Managers and Market Capitalism
    Date: 2013-03
    By: Rebecca Henderson (Harvard Business School, Strategy Unit)
    Karthik Ramanna (Harvard Business School, Accounting and Management Unit)
    In a capitalist system based on free markets, do managers have responsibilities to the system itself? If they do, should these responsibilities shape their behavior when they are engaging in the political process in an attempt to structure the institutions of capitalism? The prevailing view-perhaps most eloquently argued by Milton Friedman-is that the first duty of managers is to maximize shareholder value, and thus that they should take every opportunity (within the bounds of the law) to structure market institutions so as to increase profitability. We maintain here that this shareholder-return view of political engagement applies in cases where the political process is sufficiently ‘thick,’ in that diverse views are well-represented and sufficiently detailed information about the issues is widely available. However, we draw on a series of detailed examples in the context of the determination of corporate accounting standards to argue that when the political process of determining institutions of capitalism is ‘thin,’ in that managers find themselves with specialized technical knowledge unavailable to outsiders and with little political resistance from the general interest, then managers have a responsibility to market institutions themselves, even if this entails acting at the expense of corporate profits. We make this argument on grounds that this behavior is both in managers’ long-run self-interest and, expanding on Friedman’s core contention, that it is managers’ moral duty. We provide a framework for future research to explore and develop these arguments.

Asociación Latinoamericana e Ibérica de Historia Social (ALIHS)

Estimados amigos,
Tengo el gusto de anunciaros la creación de la Asociación Latinoamericana e Ibérica de Historia Social (ALIHS), cuya fundación se produjo en el marco del Segundo Coloquio “Historia social, historia plural”, llevado a cabo en El Colegio de México durante el pasado mes de octubre.

Nuestra asociación tiene como objetivo promover, difundir y desarrollar investigaciones sobre la historia social en México, América Latina, España y Portugal. Toda la información sobre la misma se puede seguir en la página web

En la primavera del año 2015 la asociación celebrará su primer congreso internacional, y también se ha puesto en marcha la primera convocatoria del premio a la mejor tesis doctoral en historia social.

Se invita a todos los interesados a afiliarse a la asociación, a participar en sus actividades y a difundir esta información. Para ello se adjuntan dos documentos informativos sobre la propia asociación y la convocatoria del premio a la mejor tesis doctoral.

Un cordial saludo,

Álvaro Ribagorda

Universidad Carlos III de Madrid

Informacion ALIHS.pdf

Convocatoria Premio ALIHS.PDF

Recursos docentes de interés para las disciplinas del campo de la Economía

Estimados colegas,

Dentro de la campaña de difusión del portal Docencia de la AEHE, creemos necesario dar a conocer los recursos docentes de que disponemos en nuestra web entre las disciplinas afines en el campo de la Economía. El objetivo es favorecer el intercambio de herramientas y estrategias de innovación docente entre el profesorado.

Agradeceríamos la difusión de este mensaje con la noticia y los enlaces que se adjuntan en los centros y las facultades que lo requieran.

Muchas gracias por vuestra colaboración.

José Miguel Martínez Carrión (Secretario general de la AEHE)

Elena Catalán y Miguel Ángel Bringas (Coordinadores del portal Docencia AEHE)


La AEHE ha sido una institución pionera en el apoyo a la docencia universitaria y la innovación preocupándose por conocer, analizar y mejorar la calidad de la enseñanza de las asignaturas de su área de conocimiento y debatiendo en sus Encuentros de Didáctica de la Historia Económica desde 1990.

Conscientes del reto y la oportunidad que ofrecen las nuevas tecnologías de la información y la comunicación (TICs) en el campo de la enseñanza universitaria, la AEHE ha impulsado la renovación formal y conceptual del espacio destinado a los temas de docencia en su página web. Su objetivo es que este espacio en la red se convierta, por un lado, en un punto de encuentro y de colaboración para historiadores y economistas interesados por los temas docentes y, por otro, en un cajón ordenado de herramientas donde los profesores, tanto de historia económica como de otras ciencias sociales, encuentren ideas y materiales que conduzcan a una mejora de su práctica docente.

La nueva página web de la Asociación Española de Historia Económica (AEHE) ofrece un abundante repertorio de herramientas prácticas: selección de manuales y textos de referencia; consulta de las guías docentes de las asignaturas del área; una completa guía de medios audiovisuales y de recursos accesibles on-line; artículos publicados en prensa; noticias de actualidad; y blogs centrados en temas relacionados con la economía y la historia económica; y un espacio, Practicum de Historia Económica (PHE-AEHE), en el que los profesores puedan dar a conocer su trabajo en las aulas facilitando la colaboración interuniversitaria en materia de enseñanza-aprendizaje.

Creemos que reviste especial interés la sección dedicada a los Encuentros o Congresos de Docencia donde se encuentran agrupadas todas las páginas web relativas a los encuentros de docencia de las distintas asociaciones de economía y la FECIES (Foro internacional de la evaluación de la calidad de la investigación y la educación superior):

* Jornadas de Docencia en Economía- Asociación Española de Economía (2009-2013)

* Jornadas sobre Docencia en Economía Aplicada – Asociación Libre de Economía (2005-2013)

* Jornadas de la Asociación de Economía de la Educación (AEDE) (2010-2013)

* Reuniones de Economía Mundial – Asociación de Economía Mundial (1999-2013)

* Foro Internacional: Evaluación de la calidad de la investigación y de la educación superior (FECIES) (2007-2013)

* Encuentros de Didáctica de Historia Económica (1990-2012).

Impulsora tempranamente de la celebración de Encuentros de didáctica, la AEHE desea seguir siéndolo en el impulso de colaboración interdisciplinar y promoción de la cooperación entre las principales materias relacionadas con la Economía. Por ello, os invitamos a participar en el próximo Encuentro de Didáctica que se celebrará en Santiago de Compostela entre el 26 y 27 de junio de 2014 con una estructura temática abierta a todas las disciplinas económicas.

José Miguel Martínez Carrión (Secretario general de la AEHE)

Elena Catalán y Miguel Ángel Bringas (Coordinadores de la sección de Docencia)

Carta difusion portal Docencia y Encuentro Didctica AEHE -diciembre 2013.pdf

Seminario “Historia económica de la relación bilateral entre España y EU” (Madrid, 10 de diciembre de 2014)

Seminario "Historia Económica de la relación bilateral entre España y Estados Unidos. Desafíos globales para las multinacionales transatlánticas desde 1953"

Alcalá de Henares (Madrid), Instituto Franklin-UAH, 10 de diciembre

Más información:


Actualizaciones de la sección docencia AEHE (septiembre-noviembre 2013)

Estimados socios y colegas:

Durante los meses de septiembre a noviembre hemos estado actualizando el portal de docencia. Las novedades introducidas están señaladas con un icono de NEW. Las podéis ver en el documento Word adjunto.

La próxima actualización está prevista para los meses de junio y Julio. Hasta entonces, esperamos que todo este material sea de vuestro interés y os sea de utilidad en vuestra labor docente.

Miguel Ángel Bringas (bringasma @ y Elena Catalán (elena.catalan @
Coordinadores de la Sección Docencia de la AEHE

actualizacion septiembre-noviembre 2013 (1).docx

La Hacienda Pública en el franquismo. La guerra y la autarquía (1936-1959)

Saludos a todos:

El Instituto de Estudios Fiscales acaba de publicar nuestro libro La Hacienda pública en el franquismo. La guerra y la autarquía (1936-1959). La evolución de la Hacienda Pública durante el franquismo apenas ha llamado la atención hasta la fecha de historiadores y economistas, a pesar de que el análisis del presupuesto del Estado y de los otros instrumentos de las políticas públicas son esenciales para desvelar los objetivos y, sobre todo, las realizaciones prácticas del régimen político que los desarrola.

La política económica desplegada por los gobiernos franquistas hizo que la reconstrucción económica tras la guerra civil fuera mucho más lenta que la reconstrucción en las democracias de Europa occidental tras la segunda guerra mundial, a pesar de que esta última tuvo efectos mucho más devastadores. A diferencia de sus colegas europeos de la posguerra mundial, los ministros de Hacienda españoles, anclados en la ortodoxia financiera clásica, no hicieron el más mínimo intento por desplegar una política anticíclica que paliara las consecuencias negativas de la guerra. Por el contrario, si la economía española había crecido desde finales del siglo XIX a ritmos modestos pero sostenidos, la política económica desplegada durante el primer franquismo, asentada sobre la voluntad de aislamiento económico frente al exterior, la búsqueda a ultranza del equilibrio presupuestario, un grado extremo de intervencionismo, la arbitrariedad en la toma de decisiones y la descoordinación entre los ministerios con competencias económicas, generó una brutal depresión que situó los niveles macroeconómicos en marcadores inferiores a los de la preguerra hasta que comenzó la década de los cincuenta y tuvo efectos terribles sobre la sociedad, como el desabastecimiento de productos de primera necesidad, el deterioro general del nivel de vida de la población y la extensión de la pobreza.

Este libro trata de analizar la evolución de las políticas públicas durante la autarquía, entendiendo ésta -en un sentido extenso-, como el período que va desde el inicio de la guerra civil hasta, por lo menos, 1957. A lo largo de sus páginas abordamos las ideas que inspiraron las políticas económicas y los debates que generaron; la evolución de los ingresos, los gastos y la deuda pública; la personalidad de los distintos ministros de Hacienda; el proceso de toma de decisiones sobre política tributaria en las Cortes franquistas; la configuración de un sistema tributario regresivo e ineficaz por insuficiente, inelástico y anquilosado; la extensión del fraude fiscal; la inflación y las políticas monetarias; las consecuencias negativas de una política intervencionista; la ineficacia de las haciendas locales; los entecos y descoordinados seguros sociales y el sector público empresarial.

Hemos optado por comenzar nuestro trabajo en 1936, pues creemos que en la guerra civil se sientan algunas de las bases que caracterizaron la política autárquica: la voluntad de aislamiento, el férreo intervencionismo en todos los ramos de la economía, la descoordinación entre los ministerios y la pérdida de competencias del Ministerio de Hacienda frente a otros departamentos económicos, la configuración del sistema tributario, el fuerte peso de la empresa pública o los rudimentos de los seguros sociales.

Esperamos que el libro sea de vuestro interés.

Francisco Comín y Miguel Martorell

Miguel Martorell mmartorell @

AEHE Índice H de las revistas científicas españolas según Google Scholar Metrics (2008-2012)

Estimados/as colegas y amigos/as,
Me agrada difundir la publicación del Índice H de las revistas científicas españolas según Google Scholar Metrics (2008-2012), que acabamos de recibir de los autores: Juan Manuel Ayllón Millán, Rafael Ruiz Pérez, Emilio Delgado López-Cózar, miembros del equipo EC3: Evaluación de la Ciencia y de la Comunicación Científica, de la Universidad de Granada. Este trabajo presenta el impacto de las revistas científicas españolas a partir del recuento de citas que ofrece Google Scholar.

Los rankings se organizan por campos científicos y disciplinas de las revistas científicas españolas que figuran en Google Scholar Metrics (GSM). Se han identificado 1051 revistas, de las que 541 son de Ciencias Sociales, 242 de Arte y Humanidades, 154 de Ciencias de la Salud y 114 de Ciencias Naturales e Ingenierías.

En las disciplinas de Economía e Historia las cuatro principales revistas de historia económica presentan excelentes resultados:

En el ranking de Economía (sobre un total de 74):
Posición Revista
8 Revista de Historia Económica (RHE-JILAEH)
23 Investigaciones de Historia Económica (IHE-EHR)
25 Revista de Historia Industrial (RHI)
27 Historia Agraria (HA)

En el ranking de Historia (sobre un total de 67), los resultados son:

Posición Revista
1 Revista de Historia Económica (RHE-JILAEH)
4 Investigaciones de Historia Económica (IHE-EHR)
6 Revista de Historia Industrial (RHI)
9 Historia Agraria (HA)

Información detallada sobre dicho índice puede encontrarse en esta dirección:

Esperando que esta noticia sea de tu agrado e interés, recibe un cordial saludo.

José M. Martínez Carrión
Secretaría General de la AEHE

Indice h de las revistas cientificas espanolas segun Google Scholar Metrics 2008-12 (nov 2013).pdf

Social and Labour History News Update – 1 December 2013

In November 2013 the Labour History News Service published the following items:
News from the Noel Butlin Archives Centre
Table of contents, November 2013
Alexander Herzen back in Moscow
Exhibition, Jewish Museum and Tolerance Center, Moscow, Russian Federation
A New ‘Social Question’ or ‘Crisis as Usual’? Historical and Sociological Perspectives on Inequalities
Call for papers, deadline 15 January 2014
Neu im Archiv: Das Russlandschweizer-Archiv
Collection announcement, Sozialarchiv, Zürich, Switzerland (in German)
Legacies of British Slave Ownership
Collection information, Senate House Library, London, UK
Work: The Politics of Laboring in American History
Call fro papers, deadline 3 February 2014
International Social History Association (ISHA) Newsletter
Table of Contents November 2013 issue (vol 3 no 2)
Nuevo Número de Políticas de la Memoria
Table of contents, no. 14, Winter 2013/14 (in Spanish)
Vacancy: PhD Student for Research Program Four Centuries of Labor Camps
Vacancy, IISH, Amsterdam, Netherlands
Newsletter Fondazione Giangiacomo Feltrinelli
Table of contents, nr 9, 19/11/2013 (in Italian)
The Dynamics of Virtual Work: The Transformation of Labour in a Digital Global Economy
Call for papers, deadline 31 January 2014
History after Hobsbawm
Conference, 29 April – 1 May 2014, London, UK
Transferring the Soviet New Man: Eastern and Central European Perspectives
Call for papers, deadline 20 December 2013
Archives and memories students
Event, 13 December 2013, Paris, France
Labour in East and Southeast Europe: Institutions and Practices Between Formality and Informality
Call for papers, deadline 13 January 2014
Global Luxury: Organizational change and emerging markets in the luxury industry since the 1970s
Call for papers, deadline 28 February 2014
Union Education in Nigeria. Labor, Empire, and Decolonization Since 1945
Book review
Communist Parties Revisited: Socio-Cultural Approaches to Party Rule in the Soviet Bloc, 1956-1991
Conference, 5-7 December 2013, Potsdam, Germany
The People’s Business – 150 Years of The Co-operative
Conference, 25 January 2014, Manchester, UK
Newsletter Fondazione Giangiacomo Feltrinelli
Table of contents, nr 8, 13/11/2013 (in Italian)
Un Octobre oublié ? La Russie en 1993
Colloquium, 18-19 November 2013, Paris, France (in French)
OSA Signs Public Archive Agreement with OHR
Announcement, OSA, Budapest, Hungary
Dal punto di vista del lavoro – Convegno SISLav
Conference, 12-14 December 2014, Bologna, Italy (in Italian)
Labor History, October 2013 is now available online
Table of contents, Vol 54, Issue 4, October 2013
Job Ann.: Executive Editor International Review of Social History (IRSH)
Job announcement, IISH, Amsterdam, Netherlands
New Directors for Labour Movement Archives and Library (Sweden) and Sozialarchiv (Switzerland)
Im Netz kritischer Öffentlichkeiten
Debate, 26 November 2013, Zürich, Switzerland (in German)
Conference ‘General Labour History of Africa’
Conference, Addis Ababa, Ethiopia, 11-12 December 2013
North West Labour History Society, Conference on Women’s History
Conference, Manchester, 23 November 2013

Living and working in the Belgian Transport Industry, 1913-2013
New publication (in Dutch)
Fellowships Weatherhead Initiative on Global History
Call for applications, deadline 10 January, 2014
ámbitos – Boletín Digital de Actividades Fundación Francisco Largo Caballero
Table of contents, nr. 74, October 2013 (in Spanish)
International Newsletter of Communist Studies Online (2013) – Short Delay
Early American Marxism website update
Le Mouvement Social No. 244, 2013 : Varia
Table of contents, No. 244, 2013 (in French)

IALHI mailing list

Commerce and Urban Rivalry 1250-1650 (Antwerpen, January 28th, 2014)

Tuesday, January 28th 2014
W. Elsschotzaal, Hof van Liere (University of Antwerp)
Prinsstraat 13b, 2000 Antwerpen (Belgium)

This workshop aims to bring together a varied selection of scholarly specialists to reflect on the topic of Oscar Gelderblom’s recent book ‘Cities of Commerce.’ The workshop wishes to single out the possible directions for future research in this field of historical enquiry.


13.00: Welcome
Henk De Smaele, head of the History Department (University of Antwerp)

13.10: Introduction to ‘Cities of Commerce’
Peter Stabel, Professor of Medieval History (UA)

13.25 ‘Cities of Commerce’
Oscar Gelderblom, Associate Professor of Economic History (Utrecht University)

13.45: Institutions and their Discontents: Commercial Competition and Schumpeterian Success
Thomas Max Safley, Professor of Early Modern European History (University of Pennsylvania)

14.10: Comments on the Cities of Commerce
Leo Lucassen, Professor of Social History (Leiden University)

14.35: The Case of Bruges: International Merchants between Consular, Urban and Princely Courts
Bart Lambert, post-doctoral researcher (University of York) &

Jan Dumolyn, Professor of Medieval History (Ghent University)

15.00: Coffee break

15.20: Comments on the Cities of Commerce
Guillaume Daudin, Professor in Economics (Université Paris-Dauphine)

15.45: A commerce of Cities?
Bruno Blondé, Professor of Early Modern History (University of Antwerp)

16.10: Reply
Reply by Oscar Gelderblom, Associate Professor of Economic History (Utrecht University)

16.40: Plenary session
Moderated by Hilde Greefs, Professor of Modern History (University of Antwerp)

17.30: Drinks

Cities of Commerce. The Institutional Foundations of International Trade in the Low Countries, 1250-1650 (Princeton University Press, 2013) traces the successive rise of Bruges, Antwerp, and Amsterdam to commercial primacy between 1250 and 1650 within the context of a competitive urban network that promoted open-access institutions in the Low Countries. With this book Oscar Gelderblom challenges influential theories that attribute the growth of trade in Europe before the Industrial Revolution to the political strength of merchants.

Oscar Gelderblom is associate professor of economic history at Utrecht University. His publications deal with financial markets, trade, entrepreneurship, collective action, migration, political, and cleanliness.

Organisers: Jessica Dijkman (UU), Peter Stabel (UA), Jeroen Puttevils (UA), Wouter Ryckbosch (UA & VUB), with the help of the Posthumus Institute and Vlaamse Werkgroep voor Mediëvistiek.

This workshop is realised with the financial support of:

History Department University of Antwerp
Vlaamse Werkgroep Mediëvistiek
N.W. Posthumus Institute
IAP 7/26 programme ‘City and Society in the Low Countries.’

Participation is free, but registration is required: wouter.ryckbosch @

Route description:

Jeroen Puttevils

Centrum voor Stadsgeschiedenis – Centre for Urban History
Universiteit Antwerpen – University of Antwerp
FWO Vlaanderen – Research Foundation Flanders

Prinsstraat 13 D-322
2000 Antwerpen
(+32)(0)3 265 4033


Economic History at AHA Annual Meeting

American Historical Association President Ken Pomeranz and I hope that you will join us for the AHA’s 128th Annual Meeting, this year in Washington, DC, January 2-5, 2014. If you have not already done so, you can register at

We are proud to have over 300 sessions making up this year’s program, a diverse offering across a wide range of fields and interests. Based on your interest in economic history we wanted to highlight a few of the exciting sessions and events happening in Washington, DC. The entire meeting program can be found online at

  • Session 61: Institutions of Trade in the Iberian Atlantic World
  • Session 85: Jaguars, Guanacos and Anchovies: Global Markets, Local Environments, and the Commodification of Animals in Post-Colonial South America
  • Session 65: New Directions on the Twentieth-Century Chinese Economy
  • Session 99: The US 1880-1920: Turning Point or More of the Same?
  • Session 117: Panic: Financial Crises over Space and Time

If you are not already an AHA member, consider joining the AHA today at to take advantage of the discounted member registration pricing. In addition, deeply discounted hotel rates are available starting at $130 a night three days before through three days after the meeting. Reserve your room by December 11 to guarantee these rates.

For more details about the annual meeting, please visit We hope to see you there.

Best Regards,

Jim Grossman
AHA Executive Director


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