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Market integration and transport costs in France 1825-1903: a threshold error correction approach to the law of one price

Authors :
Ejrnaes, Mette
Persson, Karl Gunnar
Source :
Explorations in Economic History. April, 2000, Vol. 37 Issue 2, p149, 25 p.
Publication Year :
2000

Abstract

A threshold error correction model incorporating the transport cost adjusted law of one price as the standard for commodity market integration is developed and applied to 19th century wheat prices in France.

Details

ISSN :
00144983
Volume :
37
Issue :
2
Database :
Gale General OneFile
Journal :
Explorations in Economic History
Publication Type :
Academic Journal
Accession number :
edsgcl.65633748