The Origins of American Industrial Success: Evidence from the US Portland Cement Industry
39 Pages Posted: 18 Oct 2008
Date Written: June 26, 2008
The contributions of innovations, factor endowments and institutions to American industrialization are examined through analysing the rise of the American portland cement industry. Minerals abundance contributed in multiple ways to the spectacular rise of the industry from the 1890s. However, the results of a structural econometric analysis of entry suggests geological surveys, institutions highlighted by David and Wright, played a contributing rather than critical role in the American portland cement industry overcoming incumbent European portland cement and American natural cement producers.
Keywords: Industrialization, Minerals abundance, Cement, American Economic History, Entry
JEL Classification: L11, L61, N51, N61
Suggested Citation: Suggested Citation