IDEAS home Printed from https://ideas.repec.org/a/cup/ereveh/v12y2008i01p3-38_00.html
   My bibliography  Save this article

Pre- and post-famine indices of Irish equity prices

Author

Listed:
  • HICKSON, CHARLES R.
  • TURNER, JOHN D.

Abstract

The market for company stock in Ireland entered its formative period in the mid 1820s with the incorporation of banks and railways. Using data obtained from stockbroker lists, we estimate market capitalisation and construct weighted and unweighted monthly stock market indices for the period 1825–64. Our findings show that the market appears to have been relatively unaffected by the Famine. We suggest that an efficient-market explanation may better explain this finding than a dual-economy explanation. Our findings also show that the stock market increased significantly in value in the post-Famine period. This finding is consistent with an increase in demand for financial assets as well as the rapid commercialisation of the Irish economy.

Suggested Citation

  • Hickson, Charles R. & Turner, John D., 2008. "Pre- and post-famine indices of Irish equity prices," European Review of Economic History, Cambridge University Press, vol. 12(1), pages 3-38, April.
    • Handle: RePEc:cup:ereveh:v:12:y:2008:i:01:p:3-38_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1361491608002098/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fredrik N G Andersson & Jason Lennard, 2019. "Irish GDP between the Famine and the First World War: estimates based on a dynamic factor model," European Review of Economic History, European Historical Economics Society, vol. 23(1), pages 50-71.
    2. Nathan Foley-Fisher & Eoin McLaughlin, 2015. "Capitalising on the Irish Land Question:Land Reform and State Banking in Ireland, 1891-1938," Discussion Papers in Environment and Development Economics 2015-03, University of St. Andrews, School of Geography and Sustainable Development.
    3. Seán Kenny & Jason Lennard, 2018. "Monetary aggregates for Ireland, 1840–1921," Economic History Review, Economic History Society, vol. 71(4), pages 1249-1269, November.
    4. Nathan Foley-Fisher & Eoin McLaughlin, 2013. "Irish Land Bonds: 1891-1938," Edinburgh School of Economics Discussion Paper Series 239, Edinburgh School of Economics, University of Edinburgh.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:ereveh:v:12:y:2008:i:01:p:3-38_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/ere .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.