Does trade explain Europe’s rise? Geography, market size and economic development
This paper tests whether the so-called ‘reach of the market’ helps to explain ‘why Europe’ and ‘why north-western Europe’. By looking at grain markets from the late seventeenth to the early twentieth century, this study concludes that the process of commodity market integration pre-dated the take-off in the late eighteenth or early nineteenth century, so it was neither a concomitant nor an effect of the Industrial Revolution, but indeed a plausible determinant for the rise of Europe. When looking at differences within Europe, it finds that in terms of economic integration, there were two distinct zones in early modern Europe – landlocked and lowland Europe. In the latter, markets clearly extended to much bigger geographical areas before the arrival of steam transportation and the creation of extensive road networks, which can be explained by physical geography that had endowed lowland Europe with easier and cheaper transportation.
|Date of creation:||Nov 2009|
|Contact details of provider:|| Postal: LSE, Dept. of Economic History Houghton Street London, WC2A 2AE, U.K.|
Phone: +44 (0) 20 7955 7084
Web page: http://www.lse.ac.uk/economicHistory/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ehl:wpaper:27877. 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: (LSERO Manager on behalf of EH Dept.)
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.