Uebele, Martin - In: CESifo economic studies : CESifo, a joint initiative of … 59 (2013) 2, pp. 412-442
This article provides empirical evidence from the ‘first wave of globalization’ in the 19th century for the question as to how commodity markets integrated domestically and internationally. I apply a dynamic factor model borrowed from business cycle analysis that for the first time allows me...
