Economic History Review最新文献

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Bonds for the long run? The rate of return on corporate bonds in Belgium, 1838–1939 长期债券?1838-1939年比利时公司债券的收益率
IF 1.4 1区 历史学
Economic History Review Pub Date : 2024-02-28 DOI: 10.1111/ehr.13330
Kevin Van Mencxel, Jan Annaert, Marc Deloof
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引用次数: 0
Art in times of crisis 危机时期的艺术
IF 1.4 1区 历史学
Economic History Review Pub Date : 2024-02-28 DOI: 10.1111/ehr.13327
Géraldine David, Yuexin Li, Kim Oosterlinck, Luc Renneboog
{"title":"Art in times of crisis","authors":"Géraldine David,&nbsp;Yuexin Li,&nbsp;Kim Oosterlinck,&nbsp;Luc Renneboog","doi":"10.1111/ehr.13327","DOIUrl":"https://doi.org/10.1111/ehr.13327","url":null,"abstract":"<p>We trace the long-term performance of the UK art market across a broad set of crises: world wars, economic recessions, financial crises, inflationary periods, and changes in monetary policy. By means of digitalized historical auction archives, we construct art price indices from the early twentieth century onwards and disclose that annual art auction value grew, in real terms, more than seven-fold over this period. The arithmetic annual real return and risk amount to 3.6 per cent and 20.1 per cent, respectively. Art returns plummeted at the onset of wars, but turned positive in the second half of wars when they outperformed stocks, suggesting that art was seen as a safe haven in times of political turmoil. During wars, smaller – and thus more transportable – paintings obtained higher returns. Art returns are sensitive to economic and financial crises, with the largest slumps occurring during the Great Depression, oil crisis, recessions of the early 1980s and early 1990s, and the Great Recession. We also document changes in art preferences for paintings’ sizes, schools, liquid art, and artists’ nationalities across crises. Art enters a broad optimal asset portfolio both in non-crisis periods and during war times.</p>","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":"77 4","pages":"1362-1413"},"PeriodicalIF":1.4,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An Exchange Rate History of the United Kingdom: 1945–1992 Alain Naef (Cambridge: Cambridge University Press, 2022. pp. 200. ISBN 9781108839990. Hbk $110) 英国汇率史:1945-1992》 Alain Naef(剑桥:剑桥大学出版社,2022 年),第 200 页:剑桥大学出版社,2022 年,第 200 页。ISBN 9781108839990。平装本 110 美元)
IF 2.2 1区 历史学
Economic History Review Pub Date : 2024-02-22 DOI: 10.1111/ehr.13337
Wilfried Kisling
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引用次数: 0
The Making of a Fiscal-Military State in Post-Revolutionary France Jerome Greenfield, (Cambridge: Cambridge University Press, 2022. pp. ix+325. 14 figs. 1 tab. ISBN 9781108839679. Hbk. £75) 大革命后法国财政军事国家的形成》,杰罗姆-格林菲尔德,(剑桥:剑桥大学出版社,2022 年),第 ix+325 页:第 ix+325 页。14 figs.1 tab.ISBN9781108839679。合订本。75 英镑)
IF 2.2 1区 历史学
Economic History Review Pub Date : 2024-02-22 DOI: 10.1111/ehr.13334
Tyson Leuchter
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引用次数: 0
Energy and Power: Germany in the Age of Oil, Atoms, and Climate Change By Stephen G. Gross, (New York: Oxford University Press, 2023: pp. 408. ISBN: 9780197667712, Hbk £35). 能源与权力:斯蒂芬-G-格罗斯著,《石油、原子和气候变化时代的德国》(纽约,牛津大学出版社,2023 年),第 408 页:牛津大学出版社,2023 年:第 408 页。ISBN: 9780197667712, Hbk £35)。
IF 2.2 1区 历史学
Economic History Review Pub Date : 2024-02-22 DOI: 10.1111/ehr.13338
Frank Trentmann
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引用次数: 0
Pioneers of Capitalism: The Netherlands 1000–1800 Maarten Prak and Jan Luiten Zanden, (Princeton: Princeton University Press, 2022. pp. 280. ISBN 9780691229874. Hbk £30) 资本主义的先驱:The Netherlands 1000-1800 Maarten Prak and Jan Luiten Zanden, (Princeton:普林斯顿大学出版社,2022 年,第 280 页。ISBN 9780691229874。平装本 30 英镑)
IF 2.2 1区 历史学
Economic History Review Pub Date : 2024-02-22 DOI: 10.1111/ehr.13335
Jeroen Puttevils
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引用次数: 0
An Economic History of the First German Unification: State Formation and Economic Development in a European Perspective. , Ulrich Pfister & Nikolaus Wolf (eds.), (Abingdon: Routledge, 2023. pp. 390. 50 figs. ISBN 9781032254838. Hbk £120) 第一次德意志统一的经济史:欧洲视角下的国家形成与经济发展》,Ulrich Pfister & Nikolaus Wolf(编),(阿宾顿:Routledge,2023 年),第 390 页。乌尔里希-普菲斯特和尼古劳斯-沃尔夫(编),(阿宾顿:Routledge,2023 年,第 390 页。)
IF 2.2 1区 历史学
Economic History Review Pub Date : 2024-02-22 DOI: 10.1111/ehr.13333
Marvin Suesse
{"title":"An Economic History of the First German Unification: State Formation and Economic Development in a European Perspective. , Ulrich Pfister & Nikolaus Wolf (eds.), (Abingdon: Routledge, 2023. pp. 390. 50 figs. ISBN 9781032254838. Hbk £120)","authors":"Marvin Suesse","doi":"10.1111/ehr.13333","DOIUrl":"https://doi.org/10.1111/ehr.13333","url":null,"abstract":"","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":"77 2","pages":"756-757"},"PeriodicalIF":2.2,"publicationDate":"2024-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140340500","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Sovereignty Without Power: Liberia in the Age of Empires, 1822–1980 By Leigh Gardner, (Cambridge: Cambridge University Press, 2022. pp. 230. 61 figs. 21 tables ISBN 9781009181105. Hbk £75) 没有权力的主权:Leigh Gardner 著,《帝国时代的利比里亚,1822-1980 年》(剑桥:剑桥大学出版社,2022 年),第 230 页:剑桥大学出版社,2022 年,第 230 页。61 figs.21 tables ISBN 9781009181105.平装本 75 英镑)
IF 2.2 1区 历史学
Economic History Review Pub Date : 2024-02-22 DOI: 10.1111/ehr.13336
Lloyd Maphosa
{"title":"Sovereignty Without Power: Liberia in the Age of Empires, 1822–1980 By Leigh Gardner, (Cambridge: Cambridge University Press, 2022. pp. 230. 61 figs. 21 tables ISBN 9781009181105. Hbk £75)","authors":"Lloyd Maphosa","doi":"10.1111/ehr.13336","DOIUrl":"https://doi.org/10.1111/ehr.13336","url":null,"abstract":"","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":"77 2","pages":"754-755"},"PeriodicalIF":2.2,"publicationDate":"2024-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140340499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Swedish income inequality in 1613 1613 年瑞典的收入不平等
IF 1.4 1区 历史学
Economic History Review Pub Date : 2024-02-18 DOI: 10.1111/ehr.13329
Martin Andersson, Jakob Molinder
{"title":"Swedish income inequality in 1613","authors":"Martin Andersson,&nbsp;Jakob Molinder","doi":"10.1111/ehr.13329","DOIUrl":"10.1111/ehr.13329","url":null,"abstract":"<p>In this paper we present the first estimate of the full income distribution in pre-industrial Sweden (including present-day Finland). We draw on the schedule and the individual assessments devised by the authorities to distribute the 1613 Älvsborg ransom taxation to estimate income inequality, as well as the income shares of the top quantiles and of various social groups. We find that Sweden was relatively equal compared with other early modern European societies, for two main reasons: first, because the nobility, the clergy, the burghers, and other middle-rank social groups all held relatively small shares of the total income, and second, because the landless groups were less numerous in Sweden than in other societies. This resulted in a large share of the total income going to the relatively homogeneous group of landed peasants, who made up the majority of the population. Our study thus speaks to the political historiography of early modern Sweden, within which negotiation and collaboration between the landed peasantry and the state has been seen as pivotal to the state formation process.</p>","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":"77 4","pages":"1336-1361"},"PeriodicalIF":1.4,"publicationDate":"2024-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ehr.13329","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140452833","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
What happened to the workshop of West Africa? Resilience and decline of handicraft textiles in colonial northern Nigeria, 1911–52 西非工坊怎么了?1911-1952年尼日利亚北部殖民地手工纺织品的复兴与衰落
IF 1.4 1区 历史学
Economic History Review Pub Date : 2024-02-02 DOI: 10.1111/ehr.13324
Emiliano Travieso, Tom Westland
{"title":"What happened to the workshop of West Africa? Resilience and decline of handicraft textiles in colonial northern Nigeria, 1911–52","authors":"Emiliano Travieso,&nbsp;Tom Westland","doi":"10.1111/ehr.13324","DOIUrl":"10.1111/ehr.13324","url":null,"abstract":"<p>The Sokoto Caliphate of northern Nigeria was the workshop of West Africa in the pre-colonial nineteenth century, producing famous blue-black cloth that reached many markets south of the Sahara as well as across it. Under British colonial rule this large handicraft textile industry was faced with the winds of foreign competition. We rely on a newly digitized set of colonial district reports to measure the impact of trade on northern Nigerian textile manufacturing and find that (contrary to British expectations) areas closer to railway stations were less likely to experience industrial decline. We argue that the resilience of local textiles relied on the low opportunity cost of dry-season labour. Analysing a piece of tax microdata, we show that a low opportunity cost of labour outside of the rainy season was associated with a higher likelihood of engaging in textile by-employment. Seasonal changes in relative factor prices were a trap as well as a refuge. Part-time employment limited specialization and technological innovation, and can help to explain why northern Nigerian textiles eventually declined. Thus, beyond our particular case study, these results contribute to our understanding of the role of seasonality in determining the structure and pace of development of tropical economies.</p>","PeriodicalId":47868,"journal":{"name":"Economic History Review","volume":"77 4","pages":"1314-1335"},"PeriodicalIF":1.4,"publicationDate":"2024-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ehr.13324","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139868984","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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