Regional prices in early twentieth-century Spain: A country-product-dummy approach

Alicia Gómez-Tello (), Alfonso Díez-Minguela (), Julio Martinez-Galarraga and Daniel Tirado-Fabregat
Additional contact information
Alicia Gómez-Tello: Universitat de València, Spain
Alfonso Díez-Minguela: Universitat de València, Spain
Authors registered in the RePEc Author Service: Alfonso Díez Minguela ()

No 1802, Documentos de Trabajo (DT-AEHE) from Asociación Española de Historia Económica

Abstract: This paper explores regional price variation in early twentieth-century Spain. Using consumer price information from the bulletins published by the Instituto de Reformas Sociales between 1910 and 1920, we build a dataset with a total of 40,581 quotes covering 22 items for each of the 49 provinces. We then estimate provincial price levels following a country-product-dummy (CPD)approach. Our preliminary findings suggest that substantial spatial price variation existed. In line with the Balassa-Samuelson conjecture, it appears that price and productivity levels were somewhat related. Nevertheless, spatial price variation prevails among the less industrialised provinces, and this calls for further research and discussion.

Keywords: Spain; Prices; Living Standards; Economic Development (search for similar items in EconPapers)
JEL-codes: E01 N00 N9 O11 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2018-02
New Economics Papers: this item is included in nep-his, nep-mac, nep-mkt and nep-ure
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Regional prices in early twentieth-century Spain: a country-product-dummy approach (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ahe:dtaehe:1802

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