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A research on China¡¯s long-term rice prices (1644¨C2000)

Author

Listed:
  • LU Feng

    (China Center of Economic Research, Peking University, Beijing 100871, China)

  • PENG Kaixiang

    (School of Economics, Henan University, Kaifeng 475001, China)

Abstract

Drawing on the research achievements on rice prices made in the Qing Dynasty, the Republic of China, and New China, this paper arranges, estimates and observes the statistical data on rice prices in the country over the past three-and-a-half centuries. This paper includes the following four aspects: first of all, it assembles and reorganizes the original data of rice market prices marked in various forms of money in different historical periods since the Qing Dynasty; then it converts the original data of rice prices into the nominal rice price index by making use of the numerical exchange relations between different currencies developed in the past revolution and evolution of monetary systems; and then it converts the nominal rice price into real rice price data in conjunction with the arrangement and estimation results of the general price index; and finally, makes a brief observation of and comment on some features of long-term changes of real rice prices.

Suggested Citation

  • LU Feng & PENG Kaixiang, 2006. "A research on China¡¯s long-term rice prices (1644¨C2000)," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 1(4), pages 465-520, December.
    • Handle: RePEc:fec:journl:v:1:y:2006:i:4:p:465-520
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    File URL: http://journal.hep.com.cn/fec/EN/10.1007/s11459-006-0017-2
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    More about this item

    Keywords

    rice prices; prices; monetary forms;
    All these keywords.

    JEL classification:

    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods
    • N56 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Latin America; Caribbean
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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