Date: 2013
Type: Article
Europe's many integrations : geography and grain markets, 1620-1913
Explorations in Economic History, 2013, Vol. 50, No. 1, pp. 46-68
CHILOSI, David, MURPHY, Tommy E., STUDER, Roman, TUNCER, A. Coskun, Europe's many integrations : geography and grain markets, 1620-1913, Explorations in Economic History, 2013, Vol. 50, No. 1, pp. 46-68
- https://hdl.handle.net/1814/30638
Retrieved from Cadmus, EUI Research Repository
This article documents and examines the integration of markets across the early modern/late modern divide, exploiting the largest dataset compiled to date on grain prices, spanning one hundred European cities evenly spread across land-locked and low-land areas. Using those series, it studies various measures of integration across distances and regions, and relies on principal component analysis to identify market structures. The analysis finds that European market integration was a gradual and step-wise rather than sudden process, and that early modern market structures were shaped by geography more directly than by political borders.
Cadmus permanent link: https://hdl.handle.net/1814/30638
Full-text via DOI: 10.1016/j.eeh.2012.09.002
ISSN: 1090-2457; 0014-4983
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