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An end and a new be...
An end and a new beginning: disintegration of inter-continental commodity markets during the Revolutionary Era, 1770s to 1820s
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- Rönnbäck, Klas, 1974 (författare)
- Gothenburg University,Göteborgs universitet,Ekonomisk-historiska institutionen,Department of Economic History
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(creator_code:org_t)
- 2012
- 2012
- Engelska.
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Ingår i: Jahrbuch für europäische Überseegeschichte. - 1436-6371. ; 12
- Relaterad länk:
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https://gup.ub.gu.se...
Abstract
Ämnesord
Stäng
- The outbreak of the American, and later also the French, Revolution, would have significant economic repercussions around the world. This article studies the issue of inter-continental market disintegration during the Revolutionary Era quantitatively. The paper finds that the empirical evidence shows a significant increase in price dispersion on inter-continental trade routes during the period. After the end of the revolutionary wars, prices rapidly converged back to pre-war levels. The Revolutionary Era thus constituted the end of an era and the beginning of a new not only politically, but also for inter-continental trade. The effects were however asymmetrical, depending on the specific trade routes and countries importing the goods.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Ekonomisk historia (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economic History (hsv//eng)
Nyckelord
- Globalization
- convergence
- commodity markets
- external shock
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