Distance and Time Effects in Swedish Commodity Prices, 1732-1914

Mario Crucini () and Gregor Smith

No 274683, Queen's Economics Department Working Papers from Queen's University - Department of Economics

Abstract: We study the role of distance and time in statistically explaining price dispersion across 32 Swedish towns for 19 commodities from 1732 to 1914. The resulting large number of relative prices (502,689) allows precise estimation of distance and time effects, and their interaction. We find an effect of distance that declines significantly over time, beginning in the 18th century, well before the arrival of canals, the telegraph, or the railway.

Keywords: Financial Economics; International Development (search for similar items in EconPapers)
Pages: 26
Date: 2016-03
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Related works:
Working Paper: Distance and Time Effects in Swedish Commodity Prices, 1732–1914 (2016)
Working Paper: Distance And Time Effects In Swedish Commodity Prices, 1732-1914 (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:quedwp:274683

DOI: 10.22004/ag.econ.274683

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