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dc.contributor.authorBlum, Ulrich
dc.contributor.authorDudley, Léonard
dc.date.accessioned2006-09-22T19:56:24Z
dc.date.available2006-09-22T19:56:24Z
dc.date.issued2003
dc.identifier.citationBLUM, Ulrich et DUDLEY, Leonard, «Standardized Latin and Medieval Economic Growth», Cahier de recherche #2003-17, Département de sciences économiques, Université de Montréal, 2003, 34 pages.fr
dc.identifier.urihttp://hdl.handle.net/1866/508
dc.format.extent196761 bytes
dc.format.mimetypeapplication/pdf
dc.publisherUniversité de Montréal. Département de sciences économiques.fr
dc.subjectinformation technology
dc.subjecteconomic growth
dc.subjectstandardization
dc.subjectEurope
dc.subjecttransaction costs
dc.subject[JEL:N0] Economic History - Generalen
dc.titleStandardized Latin and Medieval Economic Growth
dc.typeArticle
dcterms.abstractTraditional explanations for Western Europe's demographic growth in the High Middle Ages are unable to explain the rise in per-capita income that accompanied observed population changes. Here, we examine the hypothesis that an innovation in information technology changed the optimal structure of contracts and raised the productivity of human capital. We present historical evidence for this thesis, offer a theoretical explanation based on transaction costs, and test the theory's predictions with data on urban demographic growth. We find that the information-technology hypothesis significantly increases the capacity of the neoclassical growth model to explain European economic expansion between 1000 and 1300.
dcterms.bibliographicCitationCahier de recherche ; #2003-17
dcterms.isPartOfurn:ISSN:0709-9231
UdeM.VersionRioxxVersion publiée / Version of Record


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