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New media, competition and growth: European cities after Gutenberg

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  • Dittmar, Jeremiah

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.

Suggested Citation

  • Dittmar, Jeremiah, 2015. "New media, competition and growth: European cities after Gutenberg," LSE Research Online Documents on Economics 63805, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:63805
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    File URL: http://eprints.lse.ac.uk/63805/
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    References listed on IDEAS

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    Cited by:

    1. repec:hal:spmain:info:hdl:2441/7ta31jvjhg900qkformecj6b01 is not listed on IDEAS
    2. repec:spo:wpmain:info:hdl:2441/7ta31jvjhg900qkformecj6b01 is not listed on IDEAS
    3. Jeremiah Dittmar & Skipper Seabold, 2015. "Media, Markets and Institutional Change: Evidence from the Protestant Reformation," CEP Discussion Papers dp1367, Centre for Economic Performance, LSE.
    4. Dittmar, Jeremiah & Seabold, Skipper, 2015. "Media, markets and institutional change: evidence from the Protestant Reformation," LSE Research Online Documents on Economics 63814, London School of Economics and Political Science, LSE Library.

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    More about this item

    Keywords

    information technology; IO; media; growth; history; business education;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N33 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: Pre-1913
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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