Doctoral Dissertation Research in Economics: Modern Financial Markets and Macroeconomic Growth in Historical Context

经济学博士论文研究：历史背景下的现代金融市场和宏观经济增长

• 批准号: 1919402
• 负责人: Kenneth Pomeranz
• 金额: $ 1.85万
• 依托单位: University of Chicago
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2019
• 资助国家: 美国
• 起止时间: 2019-09-01 至 2021-08-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=1919402&HistoricalAwards=false
• 关键词: Doctoral; Dissertation; Research; Economics; Modern

This doctoral dissertation research improvement grant will fund data collection for a study of the relationship between between modern financial markets and macroeconomic growth. The goal is to understand the role a vigorous and competitive financial system can play in facilitating economic development. The PI will develop a new data set using historical records and will use the data to test theories about the relationship between financial markets, politics, and economic development. The results will help us understand the advantages of economic liberalization for global economic well-being.The doctoral student will focus his efforts on a specific promising case: Sichuan, China from 1933 to 1942. During this period, China made efforts to build a financial sector capable of accumulating capital and funding needed industrialization. Sichuan was China's most populous province, and the local government experimented with fiat currency and initiatives to expand the capital base of the private banking sector. The project will use archival records to construct data on Sichaun's prewar financial system, including regional interest rates, exchange rates, prices of local government debt, and balances of banknotes outstanding, as well as variables measure the political and infrastructure landscape. The team will use the data to determine the role of private enterprise in spurring the early stages of economic growth in Sichuan. The results may therefore be transformative for our understanding of the importance of economic liberalization around the globe.This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.

这项博士学位论文研究改进赠款将为数据收集提供资金，以研究现代金融市场与宏观经济增长之间的关系。目的是了解剧烈和有竞争力的金融体系在促进经济发展中所扮演的角色。 PI将使用历史记录开发一个新的数据集，并将使用数据来测试有关金融市场，政治和经济发展之间关系的理论。结果将有助于我们了解经济自由化对全球经济福祉的优势。博士生将把他的努力集中在特定的有前途的案例上：1933年至1942年中国的中国。在此期间，中国为建立能够积累资本和资金的金融部门而努力。四川是中国人口最多的省，地方政府试验了法定货币和倡议，以扩大私人银行业的资本基础。该项目将使用档案记录来构建有关Sichaun战前金融体系的数据，包括区域利率，汇率，地方政府债务的价格以及未偿还的钞票的余额，以及变量衡量政治和基础设施格局。该团队将使用数据来确定私营企业在刺激四川经济增长的早期阶段的作用。因此，结果对于我们对全球经济自由化的重要性的理解可能具有变革性。该奖项反映了NSF的法定使命，并且使用基金会的知识分子优点和更广泛的影响审查标准，被认为值得通过评估来获得支持。