Gaining Steam: Incumbent Lock-in and Entrant Leapfrogging
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We examine the long transition from water to steam power in US manufacturing, focusing on early users of mechanical power: lumber and flour mills. Digitizing Census of Manufactures manuscripts for 1850 to 1880, we show that as steam costs declined, manufacturing activity grew faster in counties with
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美国国家经济研究局创建时间：
2024-04-01
