Journal ArticleDOI
National and international market integration in the 19th century: Evidence from comovement
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TLDR
The authors analyzed relative wheat price fluctuations to investigate market integration among 72 European and US cities and found that globalization has accelerated faster in the first than in the second half of the 19th century, putting the post-1850 transport revolution into perspective.About:
This article is published in Explorations in Economic History.The article was published on 2011-04-01. It has received 38 citations till now. The article focuses on the topics: Market integration & Factor market.read more
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Journal ArticleDOI
Europe's many integrations: Geography and grain markets, 1620–1913
TL;DR: The authors examined the integration of markets across the early modern/late modern divide, exploiting the largest dataset compiled to date on grain prices, spanning one hundred European cities evenly spread across land-locked and low-land areas.
Book ChapterDOI
Handbook of cliometrics
Claude Diebolt,Michael Haupert +1 more
TL;DR: In this article, a cliometric view of family reconstitution data is presented, along with the history of cliometrics and the great depression of financial panics and crashes.
Journal ArticleDOI
Globalization revisited: Market integration and the wheat trade between North America and Britain from the eighteenth century☆
TL;DR: In this paper, the authors take up the famous case of the trade in wheat between the United States and the United Kingdom and find evidence of transatlantic commodity market integration already during the eighteenth century.
Journal ArticleDOI
Is Swedish district heating operating on an integrated market? – Differences in pricing, price convergence, and marketing strategy between public and private district heating companies
TL;DR: In this article, the differences in price levels, price convergence, price strategy, and business goals among municipal, private and state-owned district heating companies are investigated, and the conclusion is that a Swedish integrated market for heat has not yet evolved, and some district heating price-controlling mechanism is necessary.
Journal ArticleDOI
European Goods Market Integration in the Very Long Run: From the Black Death to the First World War
TL;DR: The authors examined price convergence and changes in the efficiency of wheat markets, covering the period from the mid-fourteenth to the early twentieth century and most of Europe and found that convergence was a predominantly pre-modern phenomenon.
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Posted Content
Gravity with Gravitas: A Solution to the Border Puzzle
TL;DR: This article showed that the gravity model usually estimated does not correspond to the theory behind it and showed that national borders reduce trade between the US and Canada by about 44% while reducing trade among other industrialized countries by about 30%.
Journal ArticleDOI
Gravity with Gravitas: A Solution to the Border Puzzle
TL;DR: In this article, a method that consistently and efficiently estimates a theoretical gravity equation and correctly calculates the comparative statics of trade frictions was developed to solve the famous McCallum border puzzle.
Book
Introduction to Econometrics
TL;DR: In this article, the authors discuss diagnostic checking, model selection, and specification testing for Econometrics, including Diagnostic Checking, Model Selection, and Specification Testing, as well as a discussion of nonlinear regression, models of expectations, and nonnormality errors in Variables.
Journal ArticleDOI
Measuring Business Cycles: Approximate Band-Pass Filters for Economic Time Series
Marianne Baxter,Robert G. King +1 more
TL;DR: The authors developed a set of approximate band-pass filters and illustrates their application to measuring the business-cycle component of macroeconomic activity, and compared them with several alternative filters commonly used for extracting business cycle components.