Видеозапись семинара "Land rights, local financial development and industrial activity: evidence from Flanders (19th – 20th century)"
"Studying more than 1200 localities in Flanders we find that the differing availability of local collateral and the variation in local financial development jointly explain a substantial amount of the variation in non-agricultural employment accumulated between 1848 and 1910. Indeed, by 1910 non-rural economic activity was especially elevated in those localities where both early (1848) rural land prices were high and early (1880) local financial development was pronounced, which is in line with the De Soto hypothesis"
5 октября
2015
12