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Integration of global commodity markets in the early modern era

Published online by Cambridge University Press:  01 April 2009

KLAS RÖNNBÄCK
KLAS RÖNNBÄCK*
Affiliation:
Department of Economic History, Göteborg University, Göteborg 40530, Sweden, [email protected]
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Abstract

In this article, I test whether there is any evidence of price convergence on intercontinental commodity markets prior to the nineteenth century. I gather price data on eleven commodity markets important to early modern intercontinental trade. The main conclusion is that many of the commodity markets do show signs of price convergence even prior to the nineteenth century. The question of an early globalisation can thus not be dismissed as easily as has often been done so far.

Type
Research Article
Information
European Review of Economic History , Volume 13 , Issue 1 , April 2009 , pp. 95 - 120
Copyright
Copyright © European Historical Economics Society 2009

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