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Market Integration and Economic Development: A Long-Run Comparison

Keller, Wolfgang; Shiue, Carol Hua - C.E.P.R. Discussion Papers - 2004

How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two … Paper compares the integration of rice markets in China today and 270 years ago. In the 18th century, transport technology … pattern of interregional income in China is strongly linked to persistent geographic factors that were already apparent …

Persistent link: https://www.econbiz.de/10005136759

Does Trade Cause Capital to Flow? Evidence from Historical Rainfalls

Kalemli-Ozcan, Sebnem; Nikolsko-Rzhevskyy, Alex - C.E.P.R. Discussion Papers - 2011

Estimating the effect of trade on capital flows is difficult given the inherent identification problem. We use fluctuations in rainfall to capture the exogenous variation in trade between Germany, France, the U.K., and the Ottoman Empire during 1859-1913. The provisionistic policy of the Ottoman...

Persistent link: https://www.econbiz.de/10009283394

Cotton Textiles and the Great Divergence: Lancashire, India and Shifting Competitive Advantage, 1600-1850

Broadberry, Stephen N; Gupta, Bishnupriya - C.E.P.R. Discussion Papers - 2005

The growth of cotton textile imports into Britain from India opened up new opportunities for import substitution as the new cloths, patterns and designs became increasingly fashionable. However, high silver wages in Britain as a result of high productivity in other tradable goods and services,...

Persistent link: https://www.econbiz.de/10005662364

Productivity, Tradability and the Long-Run Price Puzzle

Bergin, Paul R; Glick, Reuven; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2004

Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the ‘Balassa-Samuelson’ effect. But looking back 50 years, or more, this effect virtually disappears from the data. What is...

Persistent link: https://www.econbiz.de/10005666451

Commodity Market Disintegration in the Interwar Period

Hynes, William; Jacks, David S.; O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 2009

Using data collected by the International Institute of Agriculture, we document the disintegration of international commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the 1920s, and then a very substantial disintegration...

Persistent link: https://www.econbiz.de/10005666542

Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s-2000s

Estevadeordal, Antoni; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2008

According to the Washington Consensus, developing countries’ growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If "getting policies right" is wrong or infeasible,...

Persistent link: https://www.econbiz.de/10005666812

Globalization in History: A Geographical Perspective

Crafts, Nicholas; Venables, Anthony J - C.E.P.R. Discussion Papers - 2001

This Paper argues that a geographical perspective is fundamental to understanding comparative economic development in the context of globalization. Central to this view is the role of agglomeration in productivity performance; size and location matter. The tools of the new economic geography are...

Persistent link: https://www.econbiz.de/10005667029

The Structure of Protection and Growth in the Late 19th Century

Lehmann, Sibylle H.; O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 2008

Many papers have explored the relationship between average tariff rates and economic growth, when theory suggests that the structure of protection is what should matter. We therefore explore the relationship between economic growth and agricultural tariffs, industrial tariffs, and revenue...

Persistent link: https://www.econbiz.de/10005791289

Commodity Market Integration 1500-2000

Findlay, Ronald; O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 2002

This Paper provides a summary of what is known about trends in international commodity market integration during the second half of the second millennium. The range of goods that have been traded between continents since the Voyages of Discovery has steadily increased over time, and there has...

Persistent link: https://www.econbiz.de/10005791646

The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars

O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 2005

The paper provides a comparative history of the economic impact of the Revolutionary and Napoleonic Wars. By focussing on the relative price evidence, it is possible to show that the conflict had major economic effects around the world. Britain's control of the seas meant that it was much less...

Persistent link: https://www.econbiz.de/10005791845

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