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SUMMARY:St Catharine’s Political Economy Seminar – ‘Time for Growth
 ’ - Lars Boerner 
DTSTART:20181121T180000Z
DTEND:20181121T193000Z
UID:TALK110224@talks.cam.ac.uk
CONTACT:Philippa Millerchip
DESCRIPTION:*Date:* Wednesday 21 November 2018 \n*Time:* 18:00 -19:30\n*Sp
 eaker:*  Lars Boerner  \n*Talk Title:*‘Time for Growth’\n*Location:* R
 amsden Room\, St Catharine's College\n\n*Speaker*\nLars Boerner is Senior 
 Lecturer in Economics at King's Business School\, King's College London. H
 e is an economist and economic historian who investigates the evolution an
 d development of economies in the long run. He works in particular on the 
 evolution of market and other allocation and clearing mechanisms\, the eff
 ect of general purpose technologies for long run growth\, and alternative 
 ways to measure social and economic interactions in societies\, i.e. compa
 ring trade patterns and the spread of diseases. He has published\, among o
 thers\, in the Journal of Political Economy\, Explorations in Economic His
 tory\, and The Journal of Institutional and Theoretical Economics. He has 
 earned his PhD in Economics at the Humboldt Universität Berlin and has be
 en affiliated with the Department of Economics of the Freie Universität B
 erlin\, Stanford University\, the European University Institute\, and the 
 Department of Economic History of the London School of Economics and Polit
 ical Sciences.\n\n*Talk Overview:*\nLars Boerner will present on the impac
 t of the early adoption of one of the most important high-technology machi
 nes in history\, the public mechanical clock\, on long-run growth in Europ
 e. Qualitative research as shown in terms of the introduction of clocks ha
 d an impact on coordination\, productivity\, and discipline and order in s
 ocieties. \nHowever\, these insights have not yet been linked to any resea
 rch agenda in economic growth and development. Based on a quantitative ana
 lysis\, Lars Boerner shows that the early adoption and diffusion of the ne
 w technology had an impact on economic growth in adopting cities and count
 ries with high diffusion rates. Lars Boerner finds significant growth rate
 s between 1500 and 1700 in the range of 30 percentage points in early adop
 ter cities and areas. In the econometric analysis Lars Boerner avoids endo
 geneity by considering the relationship between the adoption of clocks wit
 h two sets of instruments: distance from the first adopters and the appear
 ance of repeated solar eclipses. The latter instrument is motivated by the
  predecessor technologies of mechanical clocks\, astronomic instruments th
 at measured the course of heavenly bodies.\n\nPlease contact the seminar o
 rganisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jb
 s.cam.ac.uk) in the event of a query.
LOCATION:The Ramsden Room\, St Catharine's College
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