Capital Goods and Southern Economic Development
研究了美国内战后南方地区资本品工业的发展差异，发现资本品工业薄弱会抑制经济增长，且种植园地区的人均专利数低于非种植园地区。
Studies of the postbellum South have neglected the development of the capital goods industry within the region. The argument of this note is that where the capital goods industry was limited or not present, economic development was inhibited. Within the South, I focus on regional differences in the development of the industry. Evidence is presented that indicates that the development of the capital goods industry and the pattern of inventive activity (as measured by patents) varied considerably within the South. One key finding is that the plantation Old South had fewer patents per capita compared with the nonplantation South.