Debt into Growth: How Sovereign Debt Accelerated the First Industrial Revolution
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https://www.nber.org/papers/w21280
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资源简介：
Why did the country that borrowed the most industrialize first? Earlier research has viewed the explosion of debt in 18th century Britain as either detrimental, or as neutral for economic growth. In this paper, we argue instead that Britains borrowing boom was beneficial. The massive issuance of
提供机构：
美国国家经济研究局
创建时间：
2015-06-01
