The evolution of the value of water power during the Industrial Revolution

IF 2.6 1区历史学 Q1 ECONOMICS

Explorations in Economic History Pub Date : 2024-11-30 DOI:10.1016/j.eeh.2024.101645

Todd Guilfoos

引用次数: 0

Abstract

This work measures the historical evolution of the value of water power during the Industrial Revolution in the United States. I use the variation in county level agricultural land prices and the natural endowment of water power to identify the value of water power. This value is decomposed into direct values (power as a prime mover) and indirect values (attracting infrastructure) from 1850 to 1920; prior to 1900 approximately 85%–90% of the total value is derived from the direct effect of water power. Significant devaluation of water-power endowments occur after 1900, with a significant decline in value by 1920.

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工业革命期间水力价值的演变

这项工作衡量了美国工业革命期间水力价值的历史演变。本文利用县域农用地价格的变化和水电的自然禀赋来确定水电的价值。从1850年到1920年，该价值被分解为直接价值（电力作为原动力）和间接价值（吸引基础设施）；1900年以前，大约85%-90%的总价值来自水力发电的直接影响。水电禀赋在1900年以后出现显著贬值，到1920年价值显著下降。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Explorations in Economic History Multiple-

CiteScore

2.50

自引率

8.70%

发文量

期刊介绍： Explorations in Economic History provides broad coverage of the application of economic analysis to historical episodes. The journal has a tradition of innovative applications of theory and quantitative techniques, and it explores all aspects of economic change, all historical periods, all geographical locations, and all political and social systems. The journal includes papers by economists, economic historians, demographers, geographers, and sociologists. Explorations in Economic History is the only journal where you will find "Essays in Exploration." This unique department alerts economic historians to the potential in a new area of research, surveying the recent literature and then identifying the most promising issues to pursue.