The standard source for pre-WWII global freight rate trends is the Isserlis British tramp shipping index. We think it … the precipitous decline in nominal freight rates before the World War I, but it also extends the series to the 1940s …. Furthermore, our new series is linked to the post-World War II era (documented by David Hummels), so that we can be more precise …

world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence …. But is the correlation spurious? When the pre-World War I years are examined in detail, the correlation turns out to be …

spice markets were already well integrated with those in Iberia and northern Europe, implying that Portugal could not have …

variety of tests for world financial capital market integration ranging from the correlation of saving and investment …

variety of tests for world financial capital market integration ranging from the correlation of saving and investment …

This paper uses a new database to establish two findings covering the first globalization boom before World War I, the … second since World War II, and the autarkic interlude in between. First, there is strong evidence supporting a Tariff …-Growth Paradox: protection was associated with fast growth before World War II, while it was associated with slow growth thereafter …

The world economy has become more unequal over the last two centuries. Since within- country inequality exhibits no … ubiquitous trend, it follows that virtually all of the observed rise in world income inequality has been driven by widening gaps … between nations, while almost none of it has driven by widening gaps within nations. Meanwhile, the world economy has become …

This paper documents the size and timing of the world inter-continental trade boom following the great voyages in the … was its cause? The conventional wisdom in the world history literature offers globalization as the answer: it alleges that …