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The role of technology and institutions for growth: Danish creameries in the late nineteenth century

Year: 2011

Type: article

Abstract: We consider the relative contributions of changing technology and institutions for economic growth through the investigation of a natural experiment in history: the almost simultaneous introduction of the automatic cream separator and the cooperative ownership form in the Danish dairy industry from around 1880. Using a new database of statistics from creameries and the tool of stochastic frontier analysis, we find that both institutions and technology were important for the success of the Danish dairy industry and, by implication, the growth and early development of the Danish economy.

Source: European Review of Economic History

DOI: 10.1017/s1361491611000128

Authors: I. Henriksen, M. Lampe, P. Sharp

Institutions: University of Copenhagen, Universidad Carlos III de Madrid

Language: English

Topic: Historical Economic and Social Studies

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: bronze

Funders: Ministerio de Ciencia e Innovación, Universidad Carlos III de Madrid