Housing Prices, Costs, And Policy: The Housing Supply Equation In Ireland Since 1970
Abstract: This article examines the responsiveness of new housing supply to prices and costs, using the case of Ireland at quarterly frequency from the 1970s, as well as a county-level panel from the 1990s. Across four error-correction specifications, and supported by an instrumental variables approach, we find the estimated elasticity of new housing supply to […]
The rise and fall of urban concentration in Britain: Zipf, Gibrat and Gini across two centuries
Abstract: City size and growth are the subject of a substantial literature in economic geography and urban economics, but consensus remains elusive on the extent to which key regularities such as Zipf’s Law or Gibrat’s Law holds across space and time. We contribute to this literature by examining city size, rank and growth in Britain […]
Financing UK rail infrastructure: how does today compare with the past?
Summary:In Victorian Britain, hundreds of companies and countless private investors supported railway construction; today, such infrastructure is only financed by the government. Comparing delivery of HS2 and the Great Western Railway suggests that the historical funding model was rather more effective. Cite as: Padraig McKee, Chris Colvin, Financing UK rail infrastructure: how does today compare […]
Social housing and the spread of population: Evidence from twentieth century Ireland
Abstract: How does housing policy influence the long-run distribution of population? We examine the impact on long-term population dynamics of the world’s first large-scale rural public housing scheme, specifically the case of Ireland’s Labourers Acts. We link detailed data on the location of over 45,000 heavily subsidized cottages for agricultural laborers built 1883–1915 in over 200 […]
The Growth Contribution of Colonial Indian Railways in Comparative Perspective
Abstract: Railways were an important driver of global economic growth in the 19th and early 20th centuries. While their role is well documented in industrial economies, we know less about their macro-economic impact in developing countries. In this paper, we first estimate the aggregate growth impact of Indian railways, one of the largest networks in […]
Economic Penalties based on Neighborhood, and Wealth Building
Abstract: Building wealth over lifetimes became possible for a broader span of the population in developed countries over the 20th century compared to any time in history. This was driven by more people having the capacity to save because of the expansion of middle-class jobs and education, access to highly developed financial markets, and government […]
Agglomeration and emigration: The economic impact of railways in post-Famine Ireland
Abstract: Ireland developed one of the world’s most intensive railroad networks in the second half of the 19th century. However, the emergence of railroads occurred in tandem with a failure to industrialize and mass depopulation suggesting limited, if any, impact on the island’s economy. This paper examines this claim from a trade-based market-access perspective. Matching […]
From Immigrants to Americans: Race and Assimilation during the Great Migration
Abstract: How does the arrival of a new minority group affect the social acceptance and outcomes of existing minorities? We study this question in the context of the First Great Migration. Between 1915 and 1930, 1.5 million African Americans moved from the U.S. South to Northern urban centres, which were home to millions of European […]
Boomtowns: Local Shocks and Inequality in 1920s California
Abstract: The 1920s in the United States were a time of high income and wealth growth and rising inequality, up to the peak in 1929. It was an era of technological innovations such as electrification as well as booms in consumer durables, housing, and asset markets. The degree to which these skill-biased opportunities shaped property […]
Urban growth shadows
Abstract: Does a location’s growth benefit or suffer from being geographically close to large economic centers? Spatial proximity may lead to competition and hurt growth, but it may also improve market access and enhance growth. Using data on U.S. counties and metro areas for the period 1840–2017, we document this trade-off between urban shadows and […]
Occupational structure in Ireland in the nineteenth century: data sources and avenues of exploration
Abstract: This paper considers structural change in post-Famine Ireland through an examination of changes in the allocation of the labour force across three broad production sectors: primary, secondary and tertiary. To do so, it makes extensive use of the Irish Census of Population from 1821 to 1911 as a source of occupational information. While there […]
Convergence in the pre-1914 Atlantic economy: what really happened to wages in Ireland between 1881 and 1911?
Abstract: After the Famine, Irish wages caught up to those of Great Britain. Catch-up is ascribed to globalised labour markets and the effects of emigration. However current estimates of the level of Irish wages and their rate of growth are based on a small sample of the male workforce. This article presents estimates of the […]
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