Debt into Growth: How Sovereign Debt Accelerated the First Industrial Revolution
---- Acknowledgments ----
Ventura acknowledges support from the Spanish Ministry of Science and Innovation (ECO2011-23197), the Generalitat de Catalunya (2014SGR-830 AGAUR), the Barcelona GSE Research Network, and the ERC (Advanced Grant FP7-249588-ABEP). Voth acknowledges support from the ERC (Advanced Grant FP7-230515), the University of Zurich, and the SNF (100018-156197). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.