international market in rice and wheat, 1868-1914

On the basis of high correlations between various price series, it is suggested that rice moved within an integrated international market between 1868 and 1914. Rice and wheat were substitutes; fluctuations in the price of one grain affected the price of the other. The rice market met the wheat mark...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	The Economic history review 1983-05, Vol.36 (2), p.260-280
Hauptverfasser:	Latham, A.J.H, Neal, L
Format:	Artikel
Sprache:	eng
Schlagworte:	agribusiness agricultural economics agricultural history Crop economics distribution (economics) Economic fluctuations Grain trade Grains Imports International trade Market prices marketing Rice Wheat Wheat market
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Beschreibung
Zusammenfassung:	On the basis of high correlations between various price series, it is suggested that rice moved within an integrated international market between 1868 and 1914. Rice and wheat were substitutes; fluctuations in the price of one grain affected the price of the other. The rice market met the wheat market in India, the correlation between the prices of the two grains there being 0.91. Industrial demand in the west was partly dependent upon farm incomes determined by grain prices. In this way industrial demand was influenced by the price of rice in Asia.
ISSN:	0013-0117 1468-0289
DOI:	10.2307/2595923