Please use this identifier to cite or link to this item: https://hdl.handle.net/11159/1480
Journal: 
East Asian economic review
e-ISSN: 
2508-1667
Document Type: 
Article
Year of Publication: 
2016
Abstract: 
We review research using departures from the law of one price to measure the advent of globalization in Europe and Asia. In an application, we then study the role of distance and time in statistically explaining price dispersion across 32 Swedish towns for 19 commodities from 1732 to 1914. The resulting large number ofrelative prices (502,689) allows precise estimation of distance and time effects, and their interaction. We find an effect of distance that declines significantly over time, beginning in the 18th century, well before the arrival of canals, the telegraph, or the railway.
Persistent Identifier of the first edition: 
Language: 
English (eng)
Citation: 
Crucini, Mario J./Smith, Gregor W. (2016). Early globaliaztion and the law of one price : evidence from Sweden, 1732-1914. In: East Asian economic review 20 (4), S. 427 - 445.
doi:10.11644/KIEP.EAER.2016.20.4.316.
Appears in Collections:

Files in This Item:
File
Size
786.38 kB

Items in Digital Archive are protected by copyright, with all rights reserved, unless otherwise indicated – Terms of use.