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

Mario Crucini () and Gregor Smith

No 22175, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: E37 F61 N70 (search for similar items in EconPapers)
Date: 2016-04
New Economics Papers: this item is included in nep-agr, nep-his, nep-pke and nep-tre
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Working Paper: Distance And Time Effects In Swedish Commodity Prices, 1732-1914 (2016)
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