| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11288 |
| DP11288 Assessing market (dis)integration in early modern China and Europe | |
| Markus Eberhardt; Stephen Morgan; Jianan Li | |
| 发表日期 | 2016-05-21 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper challenges established claims of comparable degrees of market integration in Europe and China on the eve of industrialization. Our empirical strategy focuses on the dynamics of price convergence and accounts for general equilibrium effects arising from common shocks and network effects. Using monthly grain prices for 1740-1820, our analysis uncovers a secular process of market disintegration in 221 prefectures of Qing China. Comparing our results with those for grain price panels from Western Europe we conclude that in terms of market integration the Great Divergence was well under way decades before the start of the 19th century. |
| 主题 | Economic History ; International Trade and Regional Economics ; Macroeconomics and Growth |
| 关键词 | market integration Price convergence China Europe The great divergence Common factor model Cross-section dependence |
| URL | https://cepr.org/publications/dp11288 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540105 |
| 推荐引用方式 GB/T 7714 | Markus Eberhardt,Stephen Morgan,Jianan Li. DP11288 Assessing market (dis)integration in early modern China and Europe. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
