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Foreign Wars, Domestic Markets: England, 1793-1815

  • David S. Jacks

This paper explores the means by which warfare influences domestic commodity markets. It is argued that England during the French Wars provides an ideal testing ground. Four categories of explanatory variables are taken as likely sources of documented changes in English commodity price dis-integration during this period: weather, trade, policy, and wartime events. Empirically, increases in price dispersion are related to all of the above categories. However, the primary means identified by which warfare influenced domestic commodity market integration was through international trade linkages and the arrival of news regarding wartime events.

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File URL: http://www.nber.org/papers/w16236.pdf
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 16236.

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Date of creation: Jul 2010
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Publication status: published as Jacks, David S., 2011. "Foreign wars, domestic markets: England, 1793–1815," European Review of Economic History, Cambridge University Press, vol. 15(02), pages 277-311, August.
Handle: RePEc:nbr:nberwo:16236
Note: DAE
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  1. Kevin H. O'Rourke & Jeffrey G. Williamson, 2000. "When Did Globalization Begin?," NBER Working Papers 7632, National Bureau of Economic Research, Inc.
  2. Kevin H. O'Rourke, 2005. "The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars," NBER Working Papers 11344, National Bureau of Economic Research, Inc.
  3. Kevin H.O'Rourke, 2006. "War and Welfare: Britain, France and the United States 1807-14," The Institute for International Integration Studies Discussion Paper Series iiisdp119, IIIS.
  4. Cormac Ó Gráda, 2007. "Making Famine History," Journal of Economic Literature, American Economic Association, vol. 45(1), pages 5-38, March.
  5. O'Rourke, Kevin H. & Williamson, Jeffrey G., 2002. "After Columbus: Explaining Europe'S Overseas Trade Boom, 1500 1800," The Journal of Economic History, Cambridge University Press, vol. 62(02), pages 417-456, June.
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