Corn Market Integration in Porfirian Mexico
This paper deals with a polemic and relevant aspect of the economic history of Porfirian Mexico: the integration of agricultural domestic markets. Since corn was the staple product of the commercial agricultural sector and also the main subsistence crop, it is the protagonist of this story. Panel techniques, similar to those used by Barro and Sala-i-Martín (1992), are applied to a price convergence model. Our analysis reveals that Mexico was not an exception in the international panorama of market integration in late 19th and early 20th centuries [O’Rourke and Williamson (1999)]. Although still incomplete on the eve of the Mexican Revolution, corn market integration substantially increased during the Porfiriato and ended up further than estimated by Kuntz (1995a, 1995b, 1996, 1999a and 1999b). Railroads were not only indispensable to the economic growth of Mexico, as Coatsworth (1984) showed, in particular to the export sector, but they also played a positive and significant role in the process of corn market integration.
|Date of creation:||2004|
|Date of revision:|
|Contact details of provider:|| Phone: 913942604|
Web page: https://www.ucm.es/icaeEmail:
More information through EDIRC
|Order Information:|| Postal: Facultad de Ciencias Económicas y Empresariales. Pabellón prefabricado, 1ª Planta, ala norte. Campus de Somosaguas, 28223 - POZUELO DE ALARCÓN (MADRID)|
Web: https://www.ucm.es/fundamentos-analisis-economico2/documentos-de-trabajo-del-icae Email:
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 J. Barro, 1995.
"Inflation and Economic Growth,"
NBER Working Papers
5326, National Bureau of Economic Research, Inc.
- Ronald Findlay & Kevin H. O'Rourke, 2003.
"Commodity Market Integration, 1500-2000,"
in: Globalization in Historical Perspective, pages 13-64
National Bureau of Economic Research, Inc.
- R. Findlay & K. H. O'Rourke, 2001. "Commodity market integration, 1500-2000," CEG Working Papers 20019, Trinity College Dublin, Department of Economics.
- Ronald Findlay & Kevin H. O'Rourke, 2001. "Commodity Market Integration, 1500-2000," NBER Working Papers 8579, National Bureau of Economic Research, Inc.
- Findlay, Ronald & O'Rourke, Kevin Hjortshøj, 2002. "Commodity Market Integration 1500-2000," CEPR Discussion Papers 3125, C.E.P.R. Discussion Papers.
- R. Findlay & K. H. O'Rourke, 2001. "Commodity market integration, 1500-2000," Trinity Economics Papers 200113, Trinity College Dublin, Department of Economics.
- Ronald Findlay & Kevin H. O'Rourke, 2002. "Commodity market integration, 1500-2000," Discussion Papers 0102-30, Columbia University, Department of Economics.
- Mette Ejrnæs & Karl Gunnar Persson, 1998.
"Market Integration and Transport Costs in France 1825-1903: A Threshold Error Correction Approach to the Law of One Price,"
98-19, University of Copenhagen. Department of Economics.
- Ejrnaes, Mette & Persson, Karl Gunnar, 2000. "Market Integration and Transport Costs in France 1825-1903: A Threshold Error Correction Approach to the Law of One Price," Explorations in Economic History, Elsevier, vol. 37(2), pages 149-173, April.
- Coatsworth, John H., 1979. "Indispensable Railroads in a Backward Economy: The Case of Mexico," The Journal of Economic History, Cambridge University Press, vol. 39(04), pages 939-960, December.
- Esquivel, Gerardo, 1999. "Convergencia regional en México, 1940-1995," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(264), pages 725-761, : octubre.
- Hausman, Jerry A, 1978.
"Specification Tests in Econometrics,"
Econometric Society, vol. 46(6), pages 1251-71, November.
When requesting a correction, please mention this item's handle: RePEc:ucm:doicae:0402. 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: (Águeda González Abad)
If references are entirely missing, you can add them using this form.