The Supply of Gold Under the Pre-1914 Gold Standard
AbstractIn this paper we attempt to relate the discussion of the discovery and production of gold which appears in the literature on international monetary economics to that found in writings on economic development in the regions of recent settlement. An examination of both national and regional evidence, with emphasis on U.S. experience in the late nineteenth century, suggests that the influence of real gold prices on production is not dominant, and that other economic conditions (such as prior levels of settlement) cannot be ignored.
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Bibliographic InfoPaper provided by University of Adelaide, School of Economics in its series School of Economics Working Papers with number 1991-03.
Length: 38 pages
Date of creation: 1991
Date of revision:
Publication status: Published in The Economic History Review, 1994, vol. 47, issue 2, pp. 288-309
monetarism; economic development; prices; production;
Other versions of this item:
- BARRY EICHENGREEN & IAN W. McLEAN, 1994. "The supply of gold under the pre-1914 gold standard," Economic History Review, Economic History Society, Economic History Society, vol. 47(2), pages 288-309, 05.
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- IanW. McLean, 2006. "Recovery From Depression: Australia In An Argentine Mirror 1895-1913," Australian Economic History Review, Economic History Society of Australia and New Zealand, Economic History Society of Australia and New Zealand, vol. 46(3), pages 215-241, November.
- Ian W. McLean, 2005. "Recovery from Depression: Australia in an Argentine Mirror: 1895-1913," School of Economics Working Papers, University of Adelaide, School of Economics 2005-19, University of Adelaide, School of Economics.
- Selvanathan, Saroja & Selvanathan, E. A., 1999. "The effect of the price of gold on its production: a time-series analysis," Resources Policy, Elsevier, Elsevier, vol. 25(4), pages 265-275, December.
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