Market integration and market efficiency. The case of 19th century Italy
Explorations in economic history 2007, 44, 293-316
FEDERICO, Giovanni, Market integration and market efficiency. The case of 19th century Italy, Explorations in economic history 2007, 44, 293-316 - https://hdl.handle.net/1814/11567
Retrieved from Cadmus, EUI Research Repository
This paper examines market integration in Italy in the 19th century, focusing on wheat. Wheat prices converged well before political Unification (1859–1861) but the process halted during the 1860s only to resume in the 1870s and 1880s. The first wave of integration was caused mainly by improvements in market efficiency while the second wave owed much to a reduction in transport costs
Cadmus permanent link: https://hdl.handle.net/1814/11567
Files associated with this item
There are no files associated with this item.