India and the Great Divergence: Assessing the Efficiency of Grain Markets in Eighteenth- and Nineteenth-Century India
AbstractBy analysing a newly compiled data base of grain prices, this article finds that prior to the nineteenth century the grain trade in India was essentially local, while more distant markets remained fragmented. It was only in the second half of the nineteenth century that market integration accelerated, so that by the end of the century a national grain market had emerged. The paper also contributes to the comparative great divergence debate, in that it rejects, for India, the claim of the California School of âAsiaâ having reached a similar stage of economic development as Europe before the late eighteenth or early nineteenth century. In a larger context, this contribution can thus be seen as part of the larger counterrevolution against the iconoclasm of the California School.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Cambridge University Press in its journal The Journal of Economic History.
Volume (Year): 68 (2008)
Issue (Month): 02 (June)
Contact details of provider:
Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Fax: +44 (0)1223 325150
Web page: http://journals.cambridge.org/jid_JEHProvider-Email:email@example.com
Other versions of this item:
- Roman Studer, 2007. "India and the Great Divergence: Assessing the Efficiency of Grain Markets in Eighteenth- and Nineteenth-Century India," Oxford University Economic and Social History Series _068, Economics Group, Nuffield College, University of Oxford.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gr da, Cormac & Chevet, Jean-Michel, 2002. "Famine And Market In Ancien R Gime France," The Journal of Economic History, Cambridge University Press, vol. 62(03), pages 706-733, September.
- Rafael Dobado González & Gustavo A. Marrero, 2004.
"Corn Market Integration in Porfirian Mexico,"
Documentos del Instituto Complutense de AnÃ¡lisis EconÃ³mico
0402, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.
- Robert C. Allen, 2009. "Agricultural productivity and rural incomes in England and the Yangtze Delta, c.1620-c.1820 -super-1," Economic History Review, Economic History Society, vol. 62(3), pages 525-550, 08.
- Carol H. Shiue & Wolfgang Keller, 2004.
"Markets in China and Europe on the Eve of the Industrial Revolution,"
NBER Working Papers
10778, National Bureau of Economic Research, Inc.
- Carol H. Shiue & Wolfgang Keller, 2007. "Markets in China and Europe on the Eve of the Industrial Revolution," American Economic Review, American Economic Association, vol. 97(4), pages 1189-1216, September.
- Keller, Wolfgang & Shiue, Carol Hua, 2004. "Markets in China and Europe on the Eve of the Industrial Revolution," CEPR Discussion Papers 4420, C.E.P.R. Discussion Papers.
- Mette Ejrnæs & Karl Gunnar Persson & Søren Rich, 2004. "Feeding the British: Convergence and Market Efficiency in 19th Century Grain Trade," Discussion Papers 04-28, University of Copenhagen. Department of Economics.
- O Rourke, Kevin H. & Williamson, Jeffrey G., 2002.
"When did globalisation begin?,"
European Review of Economic History,
Cambridge University Press, vol. 6(01), pages 23-50, April.
- Robert Allen & Robert C. Allen, 2007. "Wages, Prices, and Living Standards in China, Japan, and Europe, 1738-1925," Economics Series Working Papers 316, University of Oxford, Department of Economics.
- Roy, Tirthankar, 2011. "Economic History of India, 1857-1947," OUP Catalogue, Oxford University Press, edition 3, number 9780198074175.
- Allen, Robert C. & Bengtsson, Tommy & Dribe, Martin (ed.), 2005. "Living Standards in the Past: New Perspectives on Well-Being in Asia and Europe," OUP Catalogue, Oxford University Press, number 9780199280681.
- Jacks, David S., 2005. "Intra- and international commodity market integration in the Atlantic economy, 1800-1913," Explorations in Economic History, Elsevier, vol. 42(3), pages 381-413, July.
- David Clingingsmith & Jeffrey G. Williamson, 2005. "Mughal Decline, Climate Change, and Britain’s Industrial Ascent:An Integrated Perspective on India’s 18th and 19th Century Deindustrialization," Working Papers id:241, eSocialSciences.
- Broadberry, Stephen N & Gupta, Bishnupriya, 2005. "The Early Modern Great Divergence: Wages, Prices and Economic Development in Europe and Asia, 1500-1800," CEPR Discussion Papers 4947, C.E.P.R. Discussion Papers.
- Metzer, Jacob, 1974. "Railroad Development and Market Integration: The Case of Tsarist Russia," The Journal of Economic History, Cambridge University Press, vol. 34(03), pages 529-550, September.
- Stefan Mann & Henry Wüstemann, 2010. "Efficiency and utility: an evolutionary perspective," International Journal of Social Economics, Emerald Group Publishing, vol. 37(9), pages 676-685, September.
- Jeffrey G. Williamson, 2009. "Five Centuries of Latin American Inequality," NBER Working Papers 15305, National Bureau of Economic Research, Inc.
- Jeffrey G. Williamson, 2010. "Latin American Growth-Inequality Trade-Offs: The Impact of Insurgence and Independence," NBER Working Papers 15680, National Bureau of Economic Research, Inc.
- Paul A. David & S. Ryan Johansson & Andrea Pozzi, 2010.
"The Demography of an Early Mortality Transition: Life Expectancy, Survival and Mortality Rates for Britain's Royals, 1500-1799,"
Oxford University Economic and Social History Series
_083, Economics Group, Nuffield College, University of Oxford.
- Paul David & S. Ryan Johansson and Andrea Pozzi, 2010. "The Demography of an Early Mortality Transition: Life Expectancy, Survival and Mortality Rates for Britain's Royals, 1500-1799," Economics Series Working Papers Number 83, University of Oxford, Department of Economics.
- David Chilosi & Oliver Volckart, 2009. "Money, states and empire: financial integration cycles and institutional change in Central Europe, 1400-1520," Economic History Working Papers 27884, London School of Economics and Political Science, Department of Economic History.
- Brunt, Liam & Cannon, Edmund, 2013.
"Integration in the English wheat market 1770-1820,"
CEPR Discussion Papers
9504, C.E.P.R. Discussion Papers.
- Jeffrey G. Williamson, 2009. "History without Evidence: Latin American Inequality since 1491," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 3, Courant Research Centre PEG.
- David Chilosi & Tommy E. Murphy & Roman Studer, 2011.
"Europe’s Many Integrations: Geography and Grain Markets, 1620-1913,"
412, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Chilosi, David & Murphy, Tommy E. & Studer, Roman & Tunçer, A. Coşkun, 2013. "Europe's many integrations: Geography and grain markets, 1620–1913," Explorations in Economic History, Elsevier, vol. 50(1), pages 46-68.
- Andrabi, Tahir & Kuehlwein, Michael, 2010. "Railways and Price Convergence in British India," The Journal of Economic History, Cambridge University Press, vol. 70(02), pages 351-377, June.
- repec:got:cegedp:81 is not listed on IDEAS
- Robert Allen, 2013. "American Exceptionalism as a Problem in Global History," Economics Series Working Papers 689, University of Oxford, Department of Economics.
- Robartus J. van der Spek & Bas van Leeuwen, 2013. "Quantifying the integration of the Babylonian economy in the Mediterranean world using a new corpus of price data, 400-50 BC," Working Papers 0047, Utrecht University, Centre for Global Economic History.
- Williamson, Jeffrey G., 2009. "History without evidence: Latin American inequality since 1491," Center for European, Governance and Economic Development Research Discussion Papers 81, University of Goettingen, Department of Economics.
- Jeffrey G. Williamson, 2009. "History without Evidence: Latin American Inequality since 1491," NBER Working Papers 14766, National Bureau of Economic Research, Inc.
- Marks, Daan, 2010. "Unity or diversity? On the integration and efficiency of rice markets in Indonesia, c. 1920-2006," Explorations in Economic History, Elsevier, vol. 47(3), pages 310-324, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters).
If references are entirely missing, you can add them using this form.