industrialization. Our empirical strategy focuses on the dynamics of price convergence and accounts for general equilibrium effects … process of market disintegration in 221 prefectures of Qing China. Comparing our results with those for grain price panels …

industrialization. Our empirical strategy focuses on the dynamics of price convergence and accounts for general equilibrium effects … process of market disintegration in 221 prefectures of Qing China. Comparing our results with those for grain price panels …

industrialization. Our empirical strategy focuses on the dynamics of price convergence and accounts for general equilibrium effects … process of market disintegration in 221 prefectures of Qing China. Comparing our results with those for grain price panels …

We study the role of distance and time in statistically explaining price dispersion for 14 commodities from 1732 to … less than would be predicted using distance, narrowing the effective ocean by more than 3000 km. Price dispersion declined …

We study the role of distance and time in statistically explaining price dispersion for 14 commodities from 1732 to …

We study the role of distance and time in statistically explaining price dispersion for 14 commodities from 1732 to …

Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in … relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place … during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by …