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West versus Far East: early globalization and the great divergence
In: Cliometrica: journal of historical economics and econometric history, Band 9, Heft 2, S. 235-264
ISSN: 1863-2513
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Working paper
The Integration of Grain Markets in the Eighteenth Century: Early Rise of Globalization in the West
In: The journal of economic history, Band 72, Heft 3, S. 671-707
ISSN: 1471-6372
Globalization, if defined as the integration of international commodity markets, started in the eighteenth century and progressed gradually and with some setbacks into the nineteenth century, instead of suddenly appearing at some point after the 1820s. We use grain prices in Europe and the Americas to determine the extent and dynamics of market integration throughout the eighteenth and nineteenth centuries. An innovative methodology, with special attention being paid to changes in residual dispersion of the univariate models of relative prices between markets, permits us to obtain a measure of market integration over time.
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How to measure inflation volatility. A note
In: Banco de Espana Working Paper 2314
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Eurozone Prices: A Tale of Convergence and Divergence
In: Banco de Espana Working Paper No. 2010
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