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Factor Prices And Income Distribution In Less Industrialised Economies 1870–1939

Author

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  • David Greasley
  • Kris Inwood
  • John Singleton

Abstract

Global trade expansion after 1870 had potentially powerful effects on income distribution, especially in land‐abundant less industrialised economies, by increasing land prices relative to wages. The papers in this issue add evidence on wage–rentals for a range of countries, specifically Australia, Canada, Ghana, India, and Sweden. These new data offer partial support for Jeffrey Williamson’s view that the distributional effects of booming global trade to 1914 were powerful and ubiquitous, but they highlight that more attention might be given to geographical boundaries and to other distribution forces including technology and wage bargaining conditions.

Suggested Citation

  • David Greasley & Kris Inwood & John Singleton, 2007. "Factor Prices And Income Distribution In Less Industrialised Economies 1870–1939," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 47(1), pages 1-5, March.
    • Handle: RePEc:bla:ozechr:v:47:y:2007:i:1:p:1-5
    DOI: 10.1111/j.1467-8446.2006.00193.x
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    Cited by:

    1. Marc Badia-Miró & Enric Tello, 2014. "Vine-growing in Catalonia: the main agricultural change underlying the earliest industrialization in Mediterranean Europe (1720–1939)," European Review of Economic History, European Historical Economics Society, vol. 18(2), pages 203-226.
    2. Jorge Álvarez, 2013. "The evolution of inequality in Australasia and the River Plate, 1870-1914," Documentos de trabajo 31, Programa de Historia Económica, FCS, Udelar.
    3. David Greasley & Les Oxley, 2009. "The pastoral boom, the rural land market, and long swings in New Zealand economic growth, 1873–19391," Economic History Review, Economic History Society, vol. 62(2), pages 324-349, May.

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