Networks and trade costs in commodity markets during the late nineteenth century: a new dataset and evidence

被引：3

作者：

Puetz, Alexander ^{[1
]}

Siklos, Pierre L. ^{[2
]}

Sulewski, Christoph ^{[1
]}

机构：

[1] Westfalische Wilhelms Univ Munster, Munster, Germany

[2] Wilfrid Laurier Univ, Balsillie Sch Int Affairs, Waterloo, ON, Canada

来源：

EUROPEAN REVIEW OF ECONOMIC HISTORY | 2020年 / 24卷 / 04期

关键词：

IMPULSE-RESPONSE ANALYSIS; GRAIN MARKETS; TIME-SERIES; WHEAT TRADE; UNIT-ROOT; CRUDE-OIL; INTEGRATION; LIQUIDITY; VOLATILITY; GLOBALIZATION;

D O I：

10.1093/ereh/hez021

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A new dataset of weekly wheat prices during the 1898-1914 is generated. Using variance decompositions from vector autoregressive models, a network of nine wheat markets during the sample period is constructed and information spillovers between these markets are analyzed. Our results indicate that trade costs are a significant determinant of the relative importance of information transmission in the continental European wheat trade.

引用

页码：675 / 695

页数：21

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