Arbeitspapier
Grain Market Integration in the Baltic Sea Region in the 19th Century
This paper explores the development of market integration within the Baltic Sea region as well as between the region and England, from the early 1840s to around 1890. It exploits two new datasets on grain prices. The paper applies a new method for measuring market integration by combining a dynamic factor model with wavelet analysis. A gradual yardstick is suggested and the role of distance analyzed. Wheat and rye markets became highly integrated whereas the cheaper grains lagged. Integration progressed geographically and conclusions emphasize traded volumes and transport cost.
- Sprache
-
Englisch
- Erschienen in
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Series: Working Paper ; No. 2014:3
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Economic History: Financial Markets and Institutions: Europe: Pre-1913
Economic History: Agriculture, Natural Resources, Environment, and Extractive Industries: Europe: Pre-1913
- Thema
-
Baltic Sea Region
grain prices
market integration
wavelet analysis
dynamic factor model
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Andersson, Fredrik N. G.
Ljungberg, Jonas
- Ereignis
-
Veröffentlichung
- (wer)
-
Lund University, School of Economics and Management, Department of Economics
- (wo)
-
Lund
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Andersson, Fredrik N. G.
- Ljungberg, Jonas
- Lund University, School of Economics and Management, Department of Economics
Entstanden
- 2014
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