The Role of Technology and Institutions for Growth: Danish Creameries in the Late Nineteenth Century

30 Pages Posted: 17 Nov 2010

See all articles by Ingrid Henriksen

Ingrid Henriksen

University of Copenhagen - Department of Economics

Markus Lampe

University of Copenhagen - Department of Economics

Paul Richard Sharp

University of Southern Denmark - Department of Business and Economics

Date Written: November 10, 2010

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.

Keywords: creameries, dairies, Denmark, development, economic growth, institutions, technology, stochastic frontier analysis

JEL Classification: L2, N5, O3, Q1

Suggested Citation

Henriksen, Ingrid and Lampe, Markus and Sharp, Paul Richard, The Role of Technology and Institutions for Growth: Danish Creameries in the Late Nineteenth Century (November 10, 2010). Univ. of Copenhagen Dept. of Economics Discussion Paper No. 10-32, Available at SSRN: https://ssrn.com/abstract=1709298 or http://dx.doi.org/10.2139/ssrn.1709298

Ingrid Henriksen (Contact Author)

University of Copenhagen - Department of Economics ( email )

Øster Farimagsgade 5
Bygning 26
1353 Copenhagen K.
Denmark

Markus Lampe

University of Copenhagen - Department of Economics ( email )

Øster Farimagsgade 5
Bygning 26
1353 Copenhagen K.
Denmark

Paul Richard Sharp

University of Southern Denmark - Department of Business and Economics ( email )

DK-5230 Odense
Denmark

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