India and the Great Divergence: Assessing the Efficiency of Grain Markets in Eighteenth- and Nineteenth-Century India
By 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 ‘Asia’ 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.
(This abstract was borrowed from another version of this item.)
Volume (Year): 68 (2008)
Issue (Month): 02 (June)
|Contact details of provider:|| Postal: Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK|
Web page: http://journals.cambridge.org/jid_JEH
References listed on IDEAS
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.:
- 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.
- 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.
- 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.
- 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.
- David Clingingsmith & Jeffrey G. Williamson, 2005. "Mughal Decline, Climate Change, and Britainâ€™s Industrial Ascent:An Integrated Perspective on Indiaâ€™s 18th and 19th Century Deindustrialization," Working Papers id:241, eSocialSciences.
- Deepak Lal & Dietmar Rothermund & Erich Weede, 2004. "India," Chapters, in: Political Competition, Innovation and Growth in the History of Asian Civilizations, chapter 6 Edward Elgar Publishing.
- 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.
- 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.
- 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.
- Dobado, Rafael & Marrero, Gustavo A., 2005.
"Corn Market Integration in Porfirian Mexico,"
The Journal of Economic History,
Cambridge University Press, vol. 65(01), pages 103-128, March.
- 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.
- 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, December.
- Cormac Ó Gráda, 2005. "Markets and famines in pre-industrial Europe," Open Access publications 10197/447, School of Economics, University College Dublin.
- Roy, Tirthankar, 2011. "Economic History of India, 1857-1947," OUP Catalogue, Oxford University Press, edition 3, number 9780198074175, December.
- 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.
- 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.
When requesting a correction, please mention this item's handle: RePEc:cup:jechis:v:68:y:2008:i:02:p:393-437_00. 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: (Keith Waters)
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.