The Role of Technology and Institutions for Growth: Danish Creameries in the late Nineteenth Century

TY - UNPB

T1 - The Role of Technology and Institutions for Growth

T2 - Danish Creameries in the late Nineteenth Century

AU - Henriksen, Ingrid

AU - Lampe, Markus

AU - Sharp, Paul

N1 - JEL classification: L2, N5, O3, Q1

PY - 2010

Y1 - 2010

N2 - 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.

AB - 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.

KW - Faculty of Social Sciences

KW - mejerier

KW - Danmark

KW - udvikling

KW - dairies

KW - creameries

KW - Denmark

KW - development

KW - economic growth

KW - stochastic frontier analysis

M3 - Working paper

BT - The Role of Technology and Institutions for Growth

PB - Department of Economics, University of Copenhagen

ER -