Economic History

An Economic History of the Silk Industry, 1830-1930 by Giovanni Federico

By Giovanni Federico

This publication examines the expansion of the realm silk undefined. Professor Federico records Western industrialization, the technical growth and the altering equipment of construction that enabled the silk to deal with elevated call for. Silk grew to become the 1st eastern good fortune tale at the international marketplace, with Italy holding a huge proportion until eventually hard work was once diverted due to its industrialization. jap industrialization additionally led its silk to an analogous destiny after the second one international warfare.

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Additional resources for An Economic History of the Silk Industry, 1830-1930 (Cambridge Studies in Modern Economic History)

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Luzzatti (1 Oct. 106. 'Industria serica. Corrispondenza 1878-1906'. See also Colli 1911, 13; and Ferrario 1923, 11-14. See Federico 1994a, Appendix M, for details. The estimate is deliberately biased against the hypothesis of a high turn-over, counting all the uncertain cases as survived firms. Thus the figures are the upper limits of the actual survival rate and lower limits of the innovation rate. 5 Col. (a) survival rate (the percentage of survived firms on the initial population); col. (b) innovation rate (the percentage of new entries on the final population).

Reeling firms: manpower and management The steam-reeling firms were undoubtedly quite substantial enterprises: the smallest of them employed dozens of workers, and the Japanese giant companies in the 1920s had in excess of 20,000 labourers. Yet, possibly with a handful of exceptions, they were not large enterprises in the Chandlerian meaning of the word. 56 In many small firms, the whole staff consisted of the principal and of one or two clerks, with agents hired during the collection of the cocoons.

Arimattei 1923, 109. g. g. 'Raw silk supply', ASJ, August 1897, Semi-annual 1908). 26 An economic history of the silk industry opinion is only in part supported by the statistical evidence. 53 Silk prices in the Milan market fluctuated more than those of wheat and iron but less than cotton, but there are no significant differences between the variances. Taking into account only the shocks of the series (the residuals of the ARMA models), silk prices appear less volatile than wheat prices and more than the iron and cotton ones (this last difference is significant at 1 per cent).

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