Networks and trade costs in commodity markets during the late nineteenth century: a new dataset and evidence

IF 1.2 1区历史学 Q3 ECONOMICS

European Review of Economic History Pub Date : 2020-11-01 DOI:10.1093/EREH/HEZ021

A. Pütz, P. Siklos, Christoph Sulewski

引用次数: 0

Abstract

A new dataset of weekly wheat prices during the 1898–1914 is generated. Using variance decompositions from vector autoregressive models, a network of nine wheat markets during the sample period is constructed and information spillovers between these markets are analyzed. Our results indicate that trade costs are a significant determinant of the relative importance of information transmission in the continental European wheat trade.

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19世纪末商品市场的网络和贸易成本：一个新的数据集和证据

生成了1898-1914年小麦周价格的新数据集。利用向量自回归模型的方差分解，构建了样本期内九个小麦市场的网络，并分析了这些市场之间的信息溢出。我们的研究结果表明，贸易成本是欧洲大陆小麦贸易中信息传递相对重要性的重要决定因素。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Review of Economic History Multiple-

CiteScore

2.60

自引率

7.10%

发文量

期刊介绍： European Review of Economic History has established itself as a major outlet for high-quality research in economic history, which is accessible to readers from a variety of different backgrounds. The Review publishes articles on a wide range of topics in European, comparative and world economic history. Contributions shed new light on existing debates, raise new or previously neglected topics and provide fresh perspectives from comparative research. The Review includes full-length articles, shorter articles, notes and comments, debates, survey articles, and review articles. It also publishes notes and announcements from the European Historical Economics Society.