All roads lead to market integration : lessons from a spatial analysis of the wheat market in 18th century Spain
(2020) In Working Papers in Economic History- Abstract
- This paper uses newly collected data from a large-scale census (Catastro de la Ensenada) to investigate the scale and causes of market integration in eighteenth century Spain. We use wheat prices observed in more than 5,200 municipalities to analyse the local spatial dependence of prices. We detect several regional clusters in the centre and coasts but find that these were not integrated with each other. We then investigate the first nature, second nature, and demand side determinants of these clusters and find that although geographical constrains like terrain roughness play a negatively significant role, the transportation network allowed connected municipalities to alleviate such obstacles. Our results suggest that unfavourable... (More)
- This paper uses newly collected data from a large-scale census (Catastro de la Ensenada) to investigate the scale and causes of market integration in eighteenth century Spain. We use wheat prices observed in more than 5,200 municipalities to analyse the local spatial dependence of prices. We detect several regional clusters in the centre and coasts but find that these were not integrated with each other. We then investigate the first nature, second nature, and demand side determinants of these clusters and find that although geographical constrains like terrain roughness play a negatively significant role, the transportation network allowed connected municipalities to alleviate such obstacles. Our results suggest that unfavourable geographical conditions can be overcome by investments in transportation infrastructures. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/d35d0212-6de4-400e-aa4d-e75630fa05e2
- author
- L. Cermeño, Alexandra LU and Santiago Caballero, Carlos
- organization
- publishing date
- 2020
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- early modern, Market integration, grain markets, prices, geography
- in
- Working Papers in Economic History
- issue
- 2020-02
- pages
- 90 pages
- publisher
- Working papers in Economic History, Departamento de Historica Economica e Instituciones, Instituto Figuerola de historia y ciencias socials, Universidad Carlos III de Madrid
- ISSN
- 2341-2542
- language
- English
- LU publication?
- yes
- id
- d35d0212-6de4-400e-aa4d-e75630fa05e2
- alternative location
- https://e-archivo.uc3m.es/bitstream/handle/10016/30247/wh2002.pdf?sequence=1
- date added to LUP
- 2020-05-06 11:10:56
- date last changed
- 2021-12-05 02:15:48
@misc{d35d0212-6de4-400e-aa4d-e75630fa05e2, abstract = {{This paper uses newly collected data from a large-scale census (Catastro de la Ensenada) to investigate the scale and causes of market integration in eighteenth century Spain. We use wheat prices observed in more than 5,200 municipalities to analyse the local spatial dependence of prices. We detect several regional clusters in the centre and coasts but find that these were not integrated with each other. We then investigate the first nature, second nature, and demand side determinants of these clusters and find that although geographical constrains like terrain roughness play a negatively significant role, the transportation network allowed connected municipalities to alleviate such obstacles. Our results suggest that unfavourable geographical conditions can be overcome by investments in transportation infrastructures.}}, author = {{L. Cermeño, Alexandra and Santiago Caballero, Carlos}}, issn = {{2341-2542}}, keywords = {{early modern; Market integration; grain markets; prices; geography}}, language = {{eng}}, note = {{Working Paper}}, number = {{2020-02}}, publisher = {{Working papers in Economic History, Departamento de Historica Economica e Instituciones, Instituto Figuerola de historia y ciencias socials, Universidad Carlos III de Madrid}}, series = {{Working Papers in Economic History}}, title = {{All roads lead to market integration : lessons from a spatial analysis of the wheat market in 18th century Spain}}, url = {{https://e-archivo.uc3m.es/bitstream/handle/10016/30247/wh2002.pdf?sequence=1}}, year = {{2020}}, }