Advanced Search
MyIDEAS: Login to save this paper or follow this series

The significance of the Cape trade route to economic activity in the Cape colony: a medium-term business cycle analysis

Contents:

Author Info

  • Willem H Boshoff

    ()
    (Department of Economics, University of Stellenbosch)

  • Johan Fourie

    ()
    (Department of Economics, University of Stellenbosch)

Abstract

Trade is a critical component of economic growth in newly settled societies. This paper tests the impact of ship traffic on the Cape economy using a time series smoothing technique borrowed from the business cycle literature and employing an econometric procedure to test for long-run relationships. The results suggest a strong systematic co-movement between wheat production and ship traffic, with less evidence for wine production and stock herding activities. While ship traffic created demand for wheat exports, the size of the co-movement provides evidence that ship traffic also stimulated local demand through secondary and tertiary sector activities, supporting the hypothesis that ship traffic acted as a catalyst for growth in the Cape economy.

Download Info

If 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.
File URL: http://www.ekon.sun.ac.za/wpapers/2008/wp232008/wp-23-2008.pdf
File Function: First version, 2008
Download Restriction: no

Bibliographic Info

Paper provided by Stellenbosch University, Department of Economics in its series Working Papers with number 23/2008.

as in new window
Length:
Date of creation: 2008
Date of revision:
Handle: RePEc:sza:wpaper:wpapers71

Contact details of provider:
Postal: Private Bag X1, 7602 Matieland
Phone: 021-8082247
Fax: +27 (0)21-808 2409
Email:
Web page: http://www.ekon.sun.ac.za
More information through EDIRC

Related research

Keywords: Colonial trade; Cape of Good Hope; Dutch East India; Band-pass filter; Medium-term fluctuations; Business cycle; South Africa; Ships; Harvest cycles; Colonial economy;

Other versions of this item:

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Lessons from the Cape Colony
    by Johan Fourie in Johan Fourie's Blog on 2012-03-15 10:30:02
  2. Lessons from the Cape Colony
    by Johan Fourie in Johan Fourie's Blog on 2012-03-15 10:30:02
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Pim de Zwart, 2011. "Real wages at the Cape of Good Hope: A long-term perspective, 1652-1912," Working Papers 0013, Utrecht University, Centre for Global Economic History.
  2. Johan Fourie & Jan Luiten Zanden, 2013. "GDP in the Dutch Cape Colony: The National Accounts of a Slave-Based Society," South African Journal of Economics, Economic Society of South Africa, vol. 81(4), pages 467-490, December.
  3. Johan Fourie & Jolandi Uys, 2011. "A survey and comparison of luxury item ownership in the eighteenth century Dutch Cape Colony," Working Papers 14/2011, Stellenbosch University, Department of Economics.
  4. Johan Fourie & Dieter von Fintel, 2010. "The dynamics of inequality in a newly settled, pre-industrial society: the case of the Cape Colony," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 4(3), pages 229-267, October.
  5. Johan Fourie, 2011. "Slaves as capital investment in the Dutch Cape Colony, 1652-1795," Working Papers 21/2011, Stellenbosch University, Department of Economics.
  6. Stephen Broadberry & Leigh Gardner, 2014. "African economic growth in a European mirror: a historical perspective," Economic History Working Papers 56493, London School of Economics and Political Science, Department of Economic History.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:sza:wpaper:wpapers71. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Melt van Schoor).

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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