Articles tagged with Economic History
Researchers at West Virginia University are studying loss-chasing behavior in West Virginia to identify trends and triggers that cause gamblers to place risky bets. The goal is to promote responsible gaming and consumer protection in gaming markets.
A comprehensive study found that Islamic bonds in Malaysia expanded the investor base, increasing businesses' access to financing and driving economic growth. The study challenged the assumption that introducing a new product divides an existing market, instead showing that it broadened the total amount of capital available.
Researchers from the University of Texas at Austin have developed a new approach to stress testing, which simulates multiple financial risks simultaneously to predict bank resilience. This method outperformed existing stress tests in identifying worst-case losses and captured more severe losses.
Researchers developed a new framework to analyze historical weather data and found a significant reduction in solar radiation in central Japan during the summer of 1836, leading to higher rice prices. The study provides a more detailed understanding of how climate fluctuations impacted society.
The forum discussed geopolitical risks, macroeconomic policy directions, and new economic drivers amidst intensifying external and internal challenges. Key findings highlight the resilience of Hong Kong's capital markets and the growth of artificial intelligence and high-tech industries in China.
A new study analyzing nearly 100 travellers' diaries reveals that turnpiking improved road conditions, reducing danger and speeding up journeys. The toll-funded system made a major contribution to the Industrial Revolution by reducing freight rates and enabling faster stagecoach travel.
A study by University of Cologne researchers found a significant increase in drug-related homicides along strategic trafficking routes after NAFTA came into force in 1994. The homicide rate among males aged 15-39 increased by 2.1 cases per 100,000 in these regions.
A Harvard study analyzed 1.6 million patents and found that industrial research labs enabled large-scale science-based team-oriented invention, transforming the U.S. innovation system. The researchers propose exploring whether today's organized corporate research promotes radical versus incremental innovation.
The book sheds light on the often-ignored contributions of women in economics, highlighting their role as economic agents throughout history. Heggeness shares robust data and anecdotes about women who have thrived economically, from Taylor Swift to unsung heroes like Francis Perkins.
A new study warns that the U.S. government's fiscal capacity depends on the dominance of the U.S. dollar, and potential losses for bondholders could be significant if another currency replaces it. Historically, countries with a strong currency have experienced economic downturns when their dominance wanes.
A new study found that the arrival of boll weevils in the US South in the early 20th century led to improved economic outcomes for Black sons born after the agricultural shock. The researchers examined changes in earnings, occupations, and residences for Black males before and after the boll weevil's appearance.
A recent study by Willa Granger examines the transformation of nursing homes in postwar America, tracing the development of the modern nursing home industry through the lens of the Americana Corporation. The research reveals how federal programs and corporate models reshaped eldercare, prioritizing scale and replication over community ...
New research by Bayes Business School reveals the introduction of the National Living Wage has decreased labor mobility across firms, but its impact on workers' incentives to search for new jobs is unclear. The study suggests that rising wage floors may reduce job switches and make potentially risky job moves less attractive.
A study found that Operation Choke Point, launched in 2013, failed to restrict credit for controversial industries. Targeted banks reduced lending to small businesses, but large companies continued to secure credit and even increased their borrowing. Firms responded by switching to non-targeted banks, rendering the operation ineffective.
A new study reveals that US cities maintain a constant level of economic coherence despite technological revolutions, with larger cities being less coherent. Coherence combines variety, workforce balance, and industry diversity, constraining transformations and diversification.
Researchers at Carnegie Mellon University analyze historical U.S. carbon emissions trends, identifying factors that contributed to changes and offering lessons for developing countries. The study suggests that investing in efficient technologies and avoiding overreliance on coal can help avoid pitfalls encountered by the United States.
A new study reveals that fatal school shootings have far-reaching consequences, altering daily life and disrupting economies in affected communities for months. Anxiety about public safety drives a measurable decline in consumer activity, particularly in grocery stores and restaurants.
Researchers analyzed 788 obsidian artifacts from the Templo Mayor, finding diverse sources of obsidian used for both ritual and everyday objects. The study suggests a complex economy that relied on conquest and active trade with rival polities.
A new study from the University of Surrey reveals that deregulated banks have led to a significant shift in corporate earnings management strategies, with companies opting for riskier real earnings management (REM) over accrual-based earnings management (AEM). This shift poses long-term risks to sustainability and innovation.
The study analyzed eight million congressional speeches, finding a significant decline in fact-based language and an increase in intuition-based rhetoric. This shift has been linked to decreased legislative productivity and growing economic inequality.
Kathleen Thelen examines the growth of supersized retailing in the US, tracing its roots back to the late 19th century. She argues that policy and politics played a crucial role in shaping the industry's dominance.
A new book by Lancaster University historian James Taylor highlights the lives of pioneering female stockbrokers who challenged societal beliefs about women and money. The study reveals how these women fought against exclusion and ultimately won the right to join the London Stock Exchange in 1973.
Historical analysis of bureaucracy suggests that quality nation-building holds more importance than democratic institutions in economic growth. The study found a negative correlation between universal suffrage and the quality of current institutions in nations with low-quality bureaucracies.
A recent study found that young individuals with cancer living in previously redlined neighborhoods have a 32% higher risk of dying compared to those in other neighborhoods. The study also shows lower survival rates at both 5 and 10 years after diagnosis.
A newly discovered Tetrarchic boundary stone provides valuable historical insights into the sweeping tax reforms of Roman Emperor Diocletian. The inscription mentions two previously unknown village names, a new imperial surveyor, and reflects the socio-economic dynamics during the Tetrarchy period.
A new USC study reveals that the US is facing a shortage of 4.5 million homes due to policy missteps in the early 2000s, which led to a historic housing bubble and subsequent Great Recession. The crisis has disproportionately affected millennials and people of color, with racial and ethnic disparities in homeownership widening over time.
Economics research in the Soviet Union was severely restricted due to ideological barriers and censorship, hindering its progress. In contrast, mathematicians continued to contribute to international research, with some of their work directly influencing economic theory.
A new study from Tulane University finds that historical race-based lending practices are still impacting health today, linking discriminatory policies to 15% longer delays in achieving viral suppression of HIV. This delay can impact individual health outcomes and public health efforts to curb the spread of HIV.
A new study finds that access to safe, legal abortion is associated with higher college graduation rates, better financial stability, and lower poverty levels among women. Women who had an abortion were more likely to experience economic mobility compared to those who became teen parents.
The book uses a 'history from below' approach to center the voices of petitioners, revealing how they framed their demands using language like justice, rights, and equity. Through over 4,000 petitions, Dr. Bright Alozie shows the significance of this genre in shaping colonial society and influencing decision-making.
A new study by Neil Sehgal and Ashwini Sehgal found that US Congress members whose ancestors enslaved 16 or more people had a net worth five times higher than those without slaveholding history. The researchers noted limitations, including lack of information on pre-1776 slavery and potential biases in the dataset.
A new study from Stockholm University provides fresh insights into the Viking Age monetary system, revealing a flexible pricing system that used both oxen and silver as units of payment. The Forsa Ring inscription describes fines paid in these forms, indicating a more practical and efficient financial system.
A study published in Nature Human Behaviour found that prehistoric Europeans spent on small everyday expenses more often than large ones, consistent with modern Western economies. The researchers also discovered metal fragments circulated as money around 1,500 BC, supporting the idea of a market economy from an early stage.
A collection of French fashion engravings offers new insights into Samuel Pepys' life, revealing his fascination with French style and internal conflict. The prints show Pepys' efforts to demonstrate his knowledge of style within his means, despite being a moral dilemma due to English concerns about Popery and French influence.
A new study by Kishore Gawande finds that China's nationwide protection of private property rights in 2007 turbocharged its business climate. However, the country is now reversing course, with potential investors pulling back due to weakening property rights. This could lead to lower economic output and tax revenues for local governments.
A survey-based study found that 97% of Japanese respondents are willing to pay for a nationwide wastewater surveillance system, with a median value of $8.83 per household per year. The estimated annual tax would be more than enough to cover system maintenance costs, making the system economically justified.
A study on the Industrial Revolution in Great Britain found that limited waterpower resources contributed to the adoption of coal-based steam power. Waterpower was scarce in industrial regions like Manchester by 1838, prompting manufacturers to switch to coal.
A Japanese online survey experiment examines how public confidence in the military is affected by civilian control during an armed conflict. Participants showed significant loss of trust in the military when it deviated from civilian control, but not significantly when the legislature was involved.
In the early 1600s, English clergy used discounting calculations to finesse finances amid rising prices and inflation. This adaptation of mathematical formulas resolved decades-long disagreements over rent and lease terms.
By 2050, at least 61% of US adults (184 million people) are projected to have some type of cardiovascular disease, with total costs tripling to $1.8 trillion. Population shifts, high blood pressure, and obesity will drive this increase.
Urban green infrastructure projects can bring health and climate benefits, but their distribution is unequal in urban landscapes. Researchers recommend a justice-oriented approach that considers historical development patterns and existing power structures to ensure equitable access to environmental amenities. This includes building re...
The book examines the influence of automobiles on ideas about the future, technology, entrepreneurship, risk, safety, showmanship, politics, sex, gender, business, and the state. Prof. Dimitry Anastakis's work addresses the intersection of business, the state, and politics in post-1945 Canada.
462 medieval manuscripts from Speyer, Worms, and Mainz to be digitized for public access, providing new insights into cultural heritage of seven centuries. High-quality digital reproductions will facilitate exploration of historical textual traditions.
The number of male Oxbridge students from elite schools declined significantly by the middle of the twentieth century, according to a new study. In contrast, female students remained steady, with those from professional families increasing dramatically.
A team of researchers analyzed 49 silver coins from the Fitzwilliam Museum and found a chemical and isotopic signature matching third- to seventh-century silver from the Byzantine Empire. The study reveals a surge in trade involving these silver coins between 660 and 750 AD, which had a significant impact on people's lives. Later analy...
The nTIDE March 2024 deeper dive reveals a reduction in the gender employment gap among individuals with disabilities, but women with disabilities still face lower wages and undervalued positions. The data suggests that women are more likely to be disabled due to COVID-19, which may explain the trend.
A study by Dr Francesco Rigoli found that right-wing supporters tend to evaluate the past as more positive than left-wingers, while left-wingers are more optimistic about the future. This effect is observed across various countries, including the USA, UK, Italy, South Africa, Mexico, and Poland.
A new study projects that as many as 500,000 people could be affected and 1 in 35 properties damaged by flooding in 32 US coastal cities by 2050. The research highlights racial and socioeconomic demographics of those potentially affected.
Researchers propose a new 'legibility' framework to understand cryptocurrency governance, revealing stages of illegibility, contested legibility, and collaborative legibility. The study examines the US, EU, and Japan's markets, showing they progressed through these states at different rates.
In a setup resembling a trust game, participants exchanged large amounts with anonymous members of their own community but little with members of other communities. The researchers found that repeated interactions alone cannot explain the evolution of human cooperation and that group competition also weakens overall cooperation.
Economists propose a strategic rethink of policies to foster a more competitive and accessible market for infant formula. The study identifies a series of tradeoffs associated with changes in infant formula regulation, including increased supply but potential risks of contamination.
Researchers found that Chinese migrants in Los Angeles Chinatown overcame economic barriers by raising pigs and distributing pork, a practice similar to traditional South China pig husbandry. The study analyzed dental calculus on pig teeth, revealing rice as the primary food source.
A team of researchers at Kyushu University found that Japan's current policy may not be enough to reduce CO2 emissions and achieve decarbonization goals. To address this, the government must extend vehicle longevity, invest in a cleaner energy mix, and decarbonize the supply chain.
The book provides a systematic analysis of the Chinese credit bond market, covering institutional, technological, macroeconomic, and microeconomic factors. It offers tools for investors, fund managers, researchers, and university students to understand the market's evolution, existing problems, and development direction.
Researchers analyze Chinese tomb epitaphs from the 7th to 10th centuries and find patterns similar to those in US sociology data from the 1960s and 1970s, indicating a decline of aristocracy and rise of meritocracy. Education was a key factor in social mobility during this period.
Researchers studied newspaper ads from Dust Bowl states in 1934 to understand how businesses and companies reached consumers during a dual crisis. The study found that essential services used informational approaches while nonessential services relied on sensory appeals, offering valuable lessons for current mass media during emergencies.
Historians studied the French Revolution to understand hyperinflation, finding that political instability and shifting public expectations led to extreme price increases. The study offers valuable lessons on sound fiscal housekeeping and stable prices.
A recent study evaluates the feasibility of ammonia-based power generation through techno-economic and carbon footprint analyses. The research reveals an impressive energy efficiency rate of 46.7% within the designed power generation process, with costs and greenhouse gas emissions considered.
Dr Saskia Limbach receives ERC Starting Grant to investigate the effects of the printing press on widows' rights and agency. The project 'WidowsPrint' aims to reconstruct the professional networks of women book printers and analyse their economic contributions in 16th-17th century Germany.
A new study by the Complexity Science Hub has pinpointed three main drivers of the Qing Dynasty's collapse: population explosion, elite competition, and financial burden. These factors culminated in a series of uprisings that led to the dynasty's downfall despite being wealthier than modern-day China.