The price of rice: market integration in eighteenth-century China - By Sui-wai Cheung

2009 ◽  
Vol 62 (4) ◽  
pp. 1036-1037
Author(s):  
WILLIAM T. ROWE
Keyword(s):  
Eighteenth Century ◽  
Market Integration ◽  
Rice Market

scholarly journals The Integration of Grain Markets in the Eighteenth Century: Early Rise of Globalization in the West

2012 ◽  
Vol 72 (3) ◽  
pp. 671-707 ◽  
Author(s):  
RAFAEL DOBADO-GONZÁLEZ ◽  
ALFREDO GARCÍA-HIERNAUX ◽  
DAVID E. GUERRERO
Keyword(s):  
Eighteenth Century ◽  
Market Integration ◽  
Commodity Markets ◽  
The West ◽  
Relative Prices ◽  
Grain Markets ◽  
Innovative Methodology ◽  
Eighteenth And Nineteenth Centuries ◽  
Early Rise ◽  
Over Time

Globalization, if defined as the integration of international commodity markets, started in the eighteenth century and progressed gradually and with some setbacks into the nineteenth century, instead of suddenly appearing at some point after the 1820s. We use grain prices in Europe and the Americas to determine the extent and dynamics of market integration throughout the eighteenth and nineteenth centuries. An innovative methodology, with special attention being paid to changes in residual dispersion of the univariate models of relative prices between markets, permits us to obtain a measure of market integration over time.

scholarly journals MEDIUM RICE MARKET INTEGRATION IN INDONESIA: REGIONAL DISAGGREGATION ANALYSIS

2020 ◽  
Vol 5 (9) ◽  
pp. 2480-2502
Author(s):  
Jan Piter Sinaga ◽  
Muhammad Firdaus ◽  
Idha Widi Arsanti ◽  
Akhmad Fauzi
Keyword(s):  
Market Integration ◽  
Rice Market

scholarly journals INTEGRASI PASAR BERAS INDONESIA DENGAN PASAR BERAS INTERNASIONAL

2018 ◽  
Vol 1 (2) ◽  
pp. 79-103
Author(s):  
Catur Sugiyanto ◽  
Soetatwo Hadiwigeno
Keyword(s):  
Climate Change ◽  
Market Integration ◽  
International Market ◽  
Food Prices ◽  
World Food ◽  
Food Crisis ◽  
Rice Market ◽  
The World ◽  
Rice Price ◽  
Production Pattern

The food crisis that was triggered by climate change has swept the world lately. Climate change is affecting the pattern of the world that led to changes in the pattern of agricultural production as well. Changes in the pattern of production results in world food production schedule was delayed, and along with these changes, many countries export so that world food prices increase. Rising world food prices starting from US and then spread in the other parts of the world, including Indonesia. However, it is unknown how big relatedness of International food prices changes with food prices in Indonesia. This paper aims to analyze the connectedness between domestic rice market with international market, how long shock in international rice impact on the domestic market and to analyze interlinkage in domestic primary rice market.  Using data rice price in indonesia and international rice price of FAO, writer found that market rice integrated both in domestic and foreign, so the fluctuations in both markets would affect each other Keywords:  Food Crisis, Production Pattern,  Domestic and International Market Integration

scholarly journals Transport Costs and the Geography of Arbitrage in Eighteenth-Century China

2002 ◽  
Vol 92 (5) ◽  
pp. 1406-1419 ◽  
Author(s):  
Carol H Shiue
Keyword(s):  
Eighteenth Century ◽  
Growth And Development ◽  
Market Integration ◽  
Western World ◽  
Subsequent Growth ◽  
Transport Costs ◽  
Data Set

Trade has been considered a condition for growth and development, a view that might have merits in explaining the rise of the Western world. I use a new data set from archival sources of eighteenth-century China to revisit this question. This analysis suggests previous studies of market integration, which attribute much growth to a reduction in transport costs, have overestimated these effects. I find the overall level of market integration in China was higher than previously thought, and, intertemporal effects are important substitutes for trade. Both factors reduce the importance of trade as a unique explanation for subsequent growth.

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