The Integration of Grain Markets in the Eighteenth Century: Early Rise of Globalization in the West

Rafael Dobado-González, Alfredo Garcia-Hiernaux and David Guerrero ()
Authors registered in the RePEc Author Service: Rafael Dobado González

The Journal of Economic History, 2012, vol. 72, issue 3, 671-707

Abstract: Globalization, if defined as the integration of international commodity markets, started in the eighteenth century and progressed gradually and with some setbacks into the nineteenth century, instead of suddenly appearing at some point after the 1820s. We use grain prices in Europe and the Americas to determine the extent and dynamics of market integration throughout the eighteenth and nineteenth centuries. An innovative methodology, with special attention being paid to changes in residual dispersion of the univariate models of relative prices between markets, permits us to obtain a measure of market integration over time.

Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:72:y:2012:i:03:p:671-707_00

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().