The Revolution

2019 ◽  
pp. 74-94
Author(s):  
Philip T. Hoffman ◽  
Gilles Postel-Vinay ◽  
Jean-Laurent Rosenthal
Keyword(s):  
Nineteenth Century ◽  
Credit Markets ◽  
Peer To Peer ◽  
Matching Markets ◽  
Institutional Reforms ◽  
Long Run ◽  
The Revolution

This chapter focuses on the French Revolution's impact on credit markets and the long-term implications for lending. It begins with the revolution's fundamental institutional reforms, which shaped credit markets for the rest of the nineteenth century. The chapter analyzes the effect of the reforms and the consequences of the revolutionary inflation—this entails looking at how borrowers and lenders reacted, both in the short and long run. It also involves examining shifts in their demand for notaries' services, whether to draw up contracts if clients were illiterate, or to secure loans with collateral. Finally, the chapter examines the difficulty that borrowers and lenders had in the peer-to-peer matching markets where only a few loans were made each month.

scholarly journals Institutional Transplant and Cultural Proximity: Evidence from Nineteenth-Century Prussia

2019 ◽  
Vol 79 (4) ◽  
pp. 1060-1093
Author(s):  
Giampaolo Lecce ◽  
Laura Ogliari
Keyword(s):  
Nineteenth Century ◽  
Natural Experiment ◽  
Census Data ◽  
Religious Affiliation ◽  
Institutional Reforms ◽  
Cultural Heterogeneity ◽  
Cultural Proximity ◽  
New Information ◽  
New Institutions

This article presents evidence that cultural proximity between the exporting and the receiving countries positively affects the adoption of new institutions and the resulting long-term economic outcomes. We obtain this result by combining new information on pre-Napoleonic principalities with county-level census data from nineteenth-century Prussia. We exploit a quasi-natural experiment generated by radical Napoleonic institutional reforms and the deeply rooted cultural heterogeneity across Prussian counties. We show that institutional reforms in counties that are culturally more similar to France, in terms of religious affiliation, generate better long-term economic performance.

Notaries and Credit Markets in Nineteenth-Century Mexico

2010 ◽  
Vol 84 (3) ◽  
pp. 459-478 ◽  
Author(s):  
Juliette Levy
Keyword(s):  
Nineteenth Century ◽  
Credit Markets ◽  
Credit Market ◽  
Financial Intermediaries ◽  
State Archive ◽  
Access To Credit ◽  
Banking Markets ◽  
Intermediary Role ◽  
Unique Dataset

Little is known about the logic of lending transactions and the development of credit markets in Mexico, or the rest of Latin America, prior to banks. We know even less about what role financial intermediaries played in these pre-banking markets, or who these intermediaries were. This article analyzes the intermediary role notaries played in the long-term credit market in Yucatan, in southeastern Mexico, in the nineteenth-century. Using a unique dataset of mortgages from the notarial records in the Yucatan state archive, the article shows that, in the absence of banks, notaries facilitated access to credit, and that, in the institutional and political context of Yucatan, both entrepreneurship and monopoly were being fostered.

The Second Start of Transformation in Ukraine?

2014 ◽  
pp. 30-52 ◽  
Author(s):  
L. Grigoryev ◽  
E. Buryak ◽  
A. Golyashev
Keyword(s):  
Economic Growth ◽  
Armed Conflict ◽  
Political Crisis ◽  
Investment Climate ◽  
Institutional Reforms ◽  
Personal Consumption ◽  
Governance Quality ◽  
Political Turmoil

The Ukrainian socio-economic crisis has been developing for years and resulted in the open socio-political turmoil and armed conflict. The Ukrainian population didn’t meet objectives of the post-Soviet transformation, and people were disillusioned for years, losing trust in the state and the Future. The role of workers’ remittances in the Ukrainian economy is underestimated, since the personal consumption and stability depend strongly on them. Social inequality, oligarchic control of key national assets contributed to instability as well as regional disparity, aggravated by identity differences. Economic growth is slow due to a long-term underinvestment, and prospects of improvement are dependent on some difficult institutional reforms, macro stability, open external markets and the elites’ consensus. Recovering after socio-economic and political crisis will need not merely time, but also governance quality improvement, institutions reform, the investment climate revival - that can be attributed as the second transformation in Ukraine.

Infrastructure mortgage in Russia: Opportunities and prospects

2019 ◽  
pp. 114-133
Author(s):  
G. I. Idrisov ◽  
Y. Yu. Ponomarev
Keyword(s):  
Federal Government ◽  
Public Debt ◽  
Budget Deficit ◽  
Expert Assessment ◽  
Inflation Expectations ◽  
Direct Impact ◽  
Long Run ◽  
Gdp Growth Rate ◽  
Negative Effect

The article shows that depending on the goals pursued by the federal government and the available interbudgetary tools a different design of infrastructure mortgage is preferable. Three variants of such mortgage in Russia are proposed, each of which is better suited for certain types of projects and uses different forms of subsidies. According to our expert assessment the active use of infrastructure mortgage in Russia can increase the average annual GDP growth rate by 0.5 p. p. on the horizon of 5—7 years. In the long run the growth of infrastructure financing through the use of infrastructure mortgage could increase long-term economic growth by 0.9 p. p., which in 20—30 years can add 20—30% of GDP to the economy. However, the change in the structure of budget expenditures in the absence of an increase in the budget deficit and public debt will cause no direct impact on monetary policy. The increase in the deficit and the build-up of public debt will have a negative effect on inflation expectations, which will require monetary tightening for a longer time to stabilize them.

PENGARUH INFRASTRUKTUR SECARA SPASIAL TERHADAP KONVERGENSI PERTUMBUHAN EKONOMI DI INDONESIA

INFO ARTHA ◽  
2017 ◽  
Vol 1 ◽  
pp. 17-28
Author(s):  
Anisa Fahmi
Keyword(s):  
Economic Growth ◽  
Regional Economics ◽  
Developed Countries ◽  
Road Infrastructure ◽  
Long Run ◽  
Catch Up ◽  
The Developed Countries ◽  
Positive Effect ◽  
Neoclassical Growth Theory

Motivated by inter-regional disparities condition that occurs persistently, this study examines the Indonesian economy in the long run in order to know whether it tends to converge or diverge. This convergence is based on the Solow Neoclassical growth theory assuming the existence of diminishing returns to capital so that when the developed countries reach steady state conditions, developing countries will continuously grow up to 'catch-up' with developed countries. Based on regional economics perspective, each region can not be treated as a stand-alone unit,therefore, this study also focuses on the influence of spatial dependency and infrastructure. Economical and political situations of a region will influence policy in that region which will also have an impact to the neighboring regions. The estimation results of spatial cross-regressive model using fixed effect method consistently confirmed that the Indonesian economy in the long term will likely converge with a speed of 8.08 percent per year. Other findings are road infrastructure has a positive effect on economic growth and investment and road infrastructure are spatially showed a positive effect on economic growth. In other words, the investment and infrastructure of a region does not only affect the economic growth of that region but also to the economy of the contiguous regions. 

Gran Paradiso: Erkenntnisse aus der sich natürlich regulierenden Steinbockpopulation|Gran Paradiso: Conclusions from the naturally regulated Capricorn population

2007 ◽  
Vol 158 (11) ◽  
pp. 349-352
Author(s):  
Grégory Amos ◽  
Ambroise Marchand ◽  
Anja Schneiter ◽  
Annina Sorg
Keyword(s):  
Nineteenth Century ◽  
Population Density ◽  
National Park ◽  
Optimal Management ◽  
Capra Ibex ◽  
Large Fluctuations ◽  
The Alps ◽  
Gran Paradiso ◽  
Gran Paradiso National Park

The last Capricorns (Capra ibex ibex) in the Alps survived during the nineteenth century in the Aosta valley thanks to the royal hunting reservation (today Gran Paradiso national park). Capricorns from this reservation were successfully re-introduced in Switzerland after its Capricorn population had disappeared. Currently in Switzerland there are 13200 Capricorns. Every year 1000 are hunted in order to prevent a large variation and overaging of their population and the damage of pasture. In contrast, in the Gran Paradiso national park the game population regulates itself naturally for over eighty years. There are large fluctuations in the Capricorn population (2600–5000) which are most likely due to the climate, amount of snow, population density and to the interactions of these factors. The long-term surveys in the Gran Paradiso national park and the investigations of the capacity of this area are a valuable example for the optimal management of the ibexes in Switzerland.

Introduction

2018 ◽  
Author(s):  
Isabel Rivers
Keyword(s):  
Nineteenth Century ◽  
Fundamental Importance ◽  
Christian Belief ◽  
Pilgrim's Progress ◽  
Organizational Differences ◽  
Book Publication

The Introduction summarizes the aims and methods of the book, explains the title, taken from Bunyan’s Pilgrim’s Progress, addresses the paradox of the otherworldly aims of religion and the worldly means of book publication, lists the principal questions the book sets out to answer and the denominations and groups covered, and points out the varied meanings of the terms ‘Methodist’ and ‘evangelical’. Despite the theological and organizational differences between these denominations and groups, they agreed on the fundamental importance of disseminating books for inculcating Christian belief and practice. To illustrate the long-term influence of such publications there is a brief analysis of Collins’s nineteenth-century series, ‘Select Christian Authors, with Introductory Essays’.

The Conceptual Framework: Growth, Institutions, and Social Orders

2018 ◽  
Author(s):  
Andrea Lorenzo Capussela
Keyword(s):  
Open Access ◽  
Conceptual Framework ◽  
Social Order ◽  
Institutional Economics ◽  
Theoretical Framework ◽  
Institutional Reforms ◽  
Reversible Process ◽  
Main Determinant ◽  
Social Orders

This chapter lays out one part of the theoretical framework of the book, drawn from institutional economics. This literature maintains that institutions are the main determinant of long-term growth, and that to remain ‘appropriate’ institutions must evolve in synchrony with an economy’s progress through the stages of its development. Their evolution depends on a society’s openness to political creative destruction. Limited-access social orders tend to constrain it, to safeguard elites’ rents, and typically undermine progressive institutional reforms, breaking that synchrony. The transition from that social order to the open-access one is an endogenous and reversible process, in which inefficient institutions, which allow elites to extract rents, coexist with appropriate ones, which constrain their power and make it contestable. The hypothesis is advanced that Italy has not yet completed this transition, and that the tension between its efficient and inefficient institutions can endogenously generate shocks, which open opportunities for equilibrium shifts.

Who Was This Man?

2017 ◽  
Author(s):  
Mitch Kachun
Keyword(s):  
Nineteenth Century ◽  
Eighteenth Century ◽  
Social Order ◽  
Atlantic World ◽  
Life Experiences ◽  
Broad Context ◽  
Military Power ◽  
The Social ◽  
The Revolution

Chapter 1 introduces the broad context of the eighteenth-century Atlantic world in which Crispus Attucks lived, describes the events of the Boston Massacre, and assesses what we know about Attucks’s life. It also addresses some of the most widely known speculations and unsupported stories about Attucks’s life, experiences, and family. Much of what is assumed about Attucks today is drawn from a fictionalized juvenile biography from 1965, which was based largely on research in nineteenth-century sources. Attucks’s characterization as an unsavory outsider and a threat to the social order emerged during the soldiers’ trial. Subsequently, American Revolutionaries in Boston began the construction of a heroic Attucks as they used the memory of the massacre and all its victims to serve their own political agendas during the Revolution by portraying the victims as respectable, innocent citizens struck down by a tyrannical military power.

From Help Giving to Helping Relations

2018 ◽  
pp. 464-488
Author(s):  
Arie Nadler
Keyword(s):  
Well Being ◽  
Psychological Research ◽  
Psychological Needs ◽  
Social Psychological ◽  
Significant Relationships ◽  
Long Run ◽  
Help Giving ◽  
Social Psychological Research ◽  
Practical Implications

This chapter reviews social psychological research on help giving and helping relations from the 1950s until today. The first section considers the conditions under which people are likely to help others, personality dispositions that characterize helpful individuals, and motivational and attributional antecedents of helpfulness. The second section looks at long-term consequences of help and examines help in the context of enduring and emotionally significant relationships. Research has shown that in the long run help can increase psychological and physical well-being for helpers but discourage self-reliance for recipients. The third section analyzes helping from intra- and intergroup perspectives, considering how its provision can contribute to helpers’ reputations within a group or promote the positive social identity of in-groups relative to out-groups. Help is thus conceptualized as a negotiation between the fundamental psychological needs for belongingness and independence. Theoretical and practical implications are discussed.

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