Networks in trade — Evidence from the legacy of the Hanseatic league

Max Marczinek, Stephan Maurer and Ferdinand Rauch

Journal of International Economics, 2025, vol. 157, issue C

Abstract: We study trade networks following the decline of the Hanseatic League, using a novel trade data set that covers cities and captains in Northern Europe over 190 years. By the time of its dissolution in 1669, trade on former Hansa routes is within predictions from a gravity framework. However, the Hansa continue to shape the composition of trade: Trade between cities in the Hanseatic network continues to be facilitated by Hanseatic captains for centuries. Our paper highlights the long-run stability of commercial and social networks, which persist when other economic effects do not.

Keywords: Hanseatic league; Network; Gravity; Trade (search for similar items in EconPapers)
JEL-codes: F14 N73 N93 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:inecon:v:157:y:2025:i:c:s0022199625000583

DOI: 10.1016/j.jinteco.2025.104102

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