Globalization and the Industrial Revolution
Autor(a) principal: | |
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Data de Publicação: | 2010 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/7701 |
Resumo: | This paper argues that trade specialization played an indispensable role in supporting the Industrial Revolution, allowing the economy to shift resources to the manufacture without facing food and raw materials shortage. In our arti cial economy, there are two sectors agriculture and manufacture and the economy is initially closed and under a Malthusian trap. In this economy the industrial revolution entails a transition towards a dynamic Heckscher-Ohlin economy. The model reproduces the main stylized facts of the transition to modern growth and globalization. We show that two-sectors closed-economy models cannot explain the fall in the value of land relative to wages observed in the 19th century and that the transition in this case is much longer than that observed allowing for trade. |
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Ferreira, Pedro CavalcantiPessôa, Samuel de AbreuSantos, Marcelo Rodrigues dosEscolas::EPGEFGV2010-10-21T13:40:39Z2010-10-21T13:40:39Z2010-10-210104-8910http://hdl.handle.net/10438/7701This paper argues that trade specialization played an indispensable role in supporting the Industrial Revolution, allowing the economy to shift resources to the manufacture without facing food and raw materials shortage. In our arti cial economy, there are two sectors agriculture and manufacture and the economy is initially closed and under a Malthusian trap. In this economy the industrial revolution entails a transition towards a dynamic Heckscher-Ohlin economy. The model reproduces the main stylized facts of the transition to modern growth and globalization. We show that two-sectors closed-economy models cannot explain the fall in the value of land relative to wages observed in the 19th century and that the transition in this case is much longer than that observed allowing for trade.engFundação Getulio Vargas. 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dc.title.eng.fl_str_mv |
Globalization and the Industrial Revolution |
title |
Globalization and the Industrial Revolution |
spellingShingle |
Globalization and the Industrial Revolution Ferreira, Pedro Cavalcanti Economia Globalização Revolução industrial Economia |
title_short |
Globalization and the Industrial Revolution |
title_full |
Globalization and the Industrial Revolution |
title_fullStr |
Globalization and the Industrial Revolution |
title_full_unstemmed |
Globalization and the Industrial Revolution |
title_sort |
Globalization and the Industrial Revolution |
author |
Ferreira, Pedro Cavalcanti |
author_facet |
Ferreira, Pedro Cavalcanti Pessôa, Samuel de Abreu Santos, Marcelo Rodrigues dos |
author_role |
author |
author2 |
Pessôa, Samuel de Abreu Santos, Marcelo Rodrigues dos |
author2_role |
author author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Ferreira, Pedro Cavalcanti Pessôa, Samuel de Abreu Santos, Marcelo Rodrigues dos |
dc.subject.area.por.fl_str_mv |
Economia |
topic |
Economia Globalização Revolução industrial Economia |
dc.subject.bibliodata.por.fl_str_mv |
Globalização Revolução industrial Economia |
description |
This paper argues that trade specialization played an indispensable role in supporting the Industrial Revolution, allowing the economy to shift resources to the manufacture without facing food and raw materials shortage. In our arti cial economy, there are two sectors agriculture and manufacture and the economy is initially closed and under a Malthusian trap. In this economy the industrial revolution entails a transition towards a dynamic Heckscher-Ohlin economy. The model reproduces the main stylized facts of the transition to modern growth and globalization. We show that two-sectors closed-economy models cannot explain the fall in the value of land relative to wages observed in the 19th century and that the transition in this case is much longer than that observed allowing for trade. |
publishDate |
2010 |
dc.date.accessioned.fl_str_mv |
2010-10-21T13:40:39Z |
dc.date.available.fl_str_mv |
2010-10-21T13:40:39Z |
dc.date.issued.fl_str_mv |
2010-10-21 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/7701 |
dc.identifier.issn.none.fl_str_mv |
0104-8910 |
identifier_str_mv |
0104-8910 |
url |
http://hdl.handle.net/10438/7701 |
dc.language.iso.fl_str_mv |
eng |
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eng |
dc.relation.ispartofseries.por.fl_str_mv |
Ensaios Econômicos;708 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |
publisher.none.fl_str_mv |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |
dc.source.none.fl_str_mv |
reponame:Repositório Institucional do FGV (FGV Repositório Digital) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
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