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New media, competition and growth: European citiesafter Gutenberg

Dittmar, Jeremiah (2015) New media, competition and growth: European citiesafter Gutenberg. CEP Discussion Papers (CEPDP1365). Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Abstract

This research studies how variations in competition and in media content characterized the use and impact of Gutenberg's printing press technology during the European Renaissance. The research constructs annual firm-level panel data on the publications produced by 7,000+ printing firms operating in over 300 European cities 1454- 1600. Evidence on the timing of the premature deaths of firm owner-managers is used to isolate shocks to competition. Firms where owner-managers died experienced large negative shocks to output. However, at the citylevel deaths of incumbent managers were associated with significant increases in entrance and with a positive and persistent impact on competition and city output. Variations in city supply induced by heterogeneous manager deaths are used to study the relationship between the diffusion of ideas in print and city growth. A uniquely strong relationship is observed between the new business education literature and local growth. This is consistent with historical research on the transformative impact business education ideas had on commercial practices and European capitalism.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/_new/publications/series.asp?...
Additional Information: © 2015 The Author
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HE Transportation and Communications
N Fine Arts > NE Print media
JEL classification: L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance
N - Economic History > N9 - Regional and Urban History
N - Economic History > N9 - Regional and Urban History > N93 - Europe: Pre-1913
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O18 - Regional, Urban, and Rural Analyses
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O33 - Technological Change: Choices and Consequences; Diffusion Processes
Sets: Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 29 Sep 2015 15:37
Last Modified: 23 Feb 2019 00:04
Projects: SES #1023380
Funders: Economic and Social Research Council, Deustche Bank Membership, National Science Foundation
URI: http://eprints.lse.ac.uk/id/eprint/63805

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