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Integration of global commodity markets in the early-modern era
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- Rönnbäck, Klas, 1974 (author)
- Gothenburg University,Göteborgs universitet,Ekonomisk-historiska institutionen,Department of Economic History
- (creator_code:org_t)
- 2009
- 2009
- English.
- In: European Review of Economic History. - 1361-4916. ; 13:1, s. 95-120
- Journal article (peer-reviewed)
Abstract
Subject headings
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- In this paper, I test whether there is any evidence of price convergence on inter-continental commodity markets prior to the 19th century. I gather price data on eleven commodity markets important to early modern inter-continental trade. The main conclusion is that many of the commodity markets do show signs of price convergence even prior to the 19th century. The question of an early globalisation can thus not be dismissed as easily as often has been done so far.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Ekonomisk historia (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economic History (hsv//eng)
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- Globalisation
- market integration
- price convergence
- commodity markets
- early modern era
Publication and Content Type
- ref (subject category)
- art (subject category)
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