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This study investigates the relation of pre-railroad transport infrastructure on Westphalian grain market integration in the early 19th century. It is motivated by recently found indications of macroeconomic change in Prussia such as increased demand for labour, disappearance of positive...
Persistent link: https://www.econbiz.de/10011097408
The study develops a real wage series for Germany c. 1500-1850 and analyzes its relationship with population size. From 1690 data density allows the estimation of a structural time series model of this relationship. The major results are the following: First, there was a strong negative...
Persistent link: https://www.econbiz.de/10010901405