Distance and time effects in Swedish commodity prices, 1732-1914

Mario J. Crucini (Vanderbilt University), Gregor W. Smith (Queen's University)

We 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 of relative 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.

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Year of publication:	3-2016
Authors:	Crucini, Mario J. ; Smith, Gregor W.
Publisher:	Kingston, Ontario, Canada : Department of Economics, Queen's University
Subject:	distance effect \| law of one price \| Rohstoffpreis \| Commodity price \| Regionaler Preisindex \| Regional price index \| Preiskonvergenz \| Price convergence \| Geographische Entfernung \| Geographic distance \| Verkehrsgeschichte \| Transport history \| Schätzung \| Estimation \| Schweden \| Sweden \| 1732-1914

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Extent:	1 Online-Ressource (circa 26 Seiten) Illustrationen
Series:	Queen's Economics Department working paper. - Kingston, Ontario : [Verlag nicht ermittelbar], ZDB-ID 2272591-X. - Vol. no. 1357
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/149083 [Handle]
Classification:	N70 - Transport, International and Domestic Trade, Energy and Other Services. General, International, or Comparative ; f61 ; E37 - Forecasting and Simulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011437035