Capital Intensity and US County Population Growth During the Late 19th Century
The United States witnessed substantial growth in manufacturing and urban populations during the last half of the 19th century. To date, no convincing evidence has been presented to explain the shift in population to urban areas. We find evidence that capital intensity, particularly new capital in t...
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Veröffentlicht in: | Eastern economic journal 2013-01, Vol.39 (1), p.18-27 |
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description | The United States witnessed substantial growth in manufacturing and urban populations during the last half of the 19th century. To date, no convincing evidence has been presented to explain the shift in population to urban areas. We find evidence that capital intensity, particularly new capital in the form of steam horsepower, played a significant role in drawing labor into counties and by inference into urban areas. This provides support for the hypothesis that the locational decisions of manufacturers and their placement of capital in urban areas fueled urban growth in the 19th century. |
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To date, no convincing evidence has been presented to explain the shift in population to urban areas. We find evidence that capital intensity, particularly new capital in the form of steam horsepower, played a significant role in drawing labor into counties and by inference into urban areas. This provides support for the hypothesis that the locational decisions of manufacturers and their placement of capital in urban areas fueled urban growth in the 19th century.</description><subject>19th century</subject><subject>Capital investments</subject><subject>Censuses</subject><subject>Coefficients</subject><subject>Economic capital</subject><subject>Economic growth models</subject><subject>Economic history</subject><subject>Economic Theory/Quantitative Economics/Mathematical Methods</subject><subject>Economics</subject><subject>Economics and Finance</subject><subject>Horsepower</subject><subject>Hypotheses</subject><subject>J61</subject><subject>Labor productivity</subject><subject>Manufacturing</subject><subject>N11</subject><subject>O33</subject><subject>Per capita</subject><subject>Population estimates</subject><subject>Population growth</subject><subject>State taxes</subject><subject>Statistical models</subject><subject>Steam</subject><subject>Steam power</subject><subject>Studies</subject><subject>Tax revenues</subject><subject>Urban areas</subject><subject>Urbanization</subject><subject>Variables</subject><issn>0094-5056</issn><issn>1939-4632</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><sourceid>BENPR</sourceid><recordid>eNptkNFLwzAQxoMoOKcvvgsB35TOuyRt10epOgdDBd1zyNrEdcy0Jimy_96Mivjgyx13_Pjuu4-Qc4QJQprfaL2ZMEA2wQMywoIXicg4OyQjgEIkKaTZMTnxfgOAHAsYkadSdU1QWzq3QVvfhB1VtqbLV1q2vY3TS9v1WxWa1tKZa7_Cmt71rrHvNKw1XaigKRZxWWoberc7JUdGbb0---ljsny4fysfk8XzbF7eLpKKTzEkxjBWr1htBBgGugYtdM1zEHylc854qjSI3FSZQjCIueJVVkxFhcrEGpExuRx0O9d-9toHuWl7Z-NJiYwhZiJNp5G6GqjKtd47bWTnmg_ldhJB7vOSMS-5z0tihK8H2Hf7_7T7I_kffTHQGx9a96sbrTPBeM6_Acl6dPI</recordid><startdate>20130101</startdate><enddate>20130101</enddate><creator>Abrams, Burton A.</creator><creator>Li, Jing</creator><creator>Mulligan, James G.</creator><general>Palgrave Macmillan</general><general>Palgrave Macmillan UK</general><scope>AAYXX</scope><scope>CITATION</scope><scope>0U~</scope><scope>1-H</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8AO</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRNLG</scope><scope>F~G</scope><scope>K60</scope><scope>K6~</scope><scope>K8~</scope><scope>L.-</scope><scope>L.0</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope><scope>S0X</scope></search><sort><creationdate>20130101</creationdate><title>Capital Intensity and US County Population Growth During the Late 19th Century</title><author>Abrams, Burton A. ; 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subjects | 19th century Capital investments Censuses Coefficients Economic capital Economic growth models Economic history Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Horsepower Hypotheses J61 Labor productivity Manufacturing N11 O33 Per capita Population estimates Population growth State taxes Statistical models Steam Steam power Studies Tax revenues Urban areas Urbanization Variables |
title | Capital Intensity and US County Population Growth During the Late 19th Century |
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