Market Integration and Convergence in the World Wheat Market, 1800-2000
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Final published version, 561 KB, PDF document
This paper argues that the conventional view which sees international transport costs reductions as the major force in price convergence cannot be upheld when the period under scrutiny is extended to the last two centuries. Domestic transport costs fell for land-locked regions while real international transport costs fluctuated strongly without exhibiting a significant trend. Changes in trade policies were the
Original language | English |
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Place of Publication | Cph. |
Publisher | Department of Economics, University of Copenhagen |
Number of pages | 32 |
Publication status | Published - 2006 |
- Faculty of Social Sciences - market integration, price convergence, protectionism
Research areas
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ID: 312571