Market Integration and Convergence in the World Wheat Market, 1800-2000

Karl Gunnar Persson; Giovanni Federico

Market Integration and Convergence in the World Wheat Market, 1800-2000

Karl Gunnar Persson, Giovanni Federico

Økonomisk Institut

Publikation: Working paper › Forskning

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Abstract

This paper argues that the conventional view which sees international transport costs reductions as the major force in price convergence cannot be upheld when the period under scrutiny is extended to the last two centuries. Domestic transport costs fell for land-locked regions while real international transport costs fluctuated strongly without exhibiting a significant trend. Changes in trade policies were the

Originalsprog	Engelsk
Udgivelsessted	Cph.
Udgiver	Department of Economics, University of Copenhagen
Antal sider	32
Status	Udgivet - 2006

Bibliografisk note

JEL Classification: N70

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Citationsformater

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