Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/246932 
Year of Publication: 
2011
Series/Report no.: 
EHES Working Papers in Economic History No. 1
Publisher: 
European Historical Economics Society (EHES), s.l.
Abstract: 
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.
Subjects: 
Creameries
dairies
Denmark
development
economic growth
institutions
technology
stochastic frontier analysis
JEL: 
L2
N5
O3
Q1
Document Type: 
Working Paper

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