The nineteenth century Gazette Corn Returns from East Anglian markets

Adrian, Lucy

doi:10.1016/0305-7488(77)90044-5

Cited by 9 publications

(2 citation statements)

References 6 publications

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“…Before 1820, only county weighted averages of grain prices were reported. From October 1820, however, the weekly Corn Returns include prices in all market towns within each county, as well as information on quantities sold (Adrian, 1977). Hence,…”

Section: British Wheat Price Datamentioning

confidence: 99%

Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices

Keller

Shiue

Wang

2015

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Does the difference in capital market development between major advanced economies during the 18th and 19th centuries explain the subsequent divergence in their income levels? We employ a storage model to obtain regional interest rates from monthly grain price changes, and we compare the integration of capital markets in Britain and China. The first step is to validate the approach by showing that grain price-based interest rates match salient features of the 19th century U.S. capital market. Our analysis using almost 20,000 new interest rates reveals that Britain's rates were lower than China's, even compared to China's more developed areas, although not by a large margin. The regional integration of capital markets in Britain was substantially higher than in China, however, indicating lower barriers to capital flows than in China. At distances above 200 kilometers regional interest rates in British regions are about three times as strongly correlated as interest rates in China. Our results show that while China appears not to have been as capital-scarce as generally presumed, it had a strong disadvantage relative to Britain in its ability to allocate capital to the location of efficient use. Overall these results suggest that capital market performance may have been an important reason behind the divergence in incomes across countries in the 18th and 19th century.

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Section: British Wheat Price Datamentioning

confidence: 99%

Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices

Keller

Shiue

Wang

2015

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show abstract

“…However, the collapse of cereal prices after 1814 led to considerable distress among some farmers in eastern and southern England in the 1820s and 1830s; earlier historians tended to assume that in this period arable reverted to grass, and grass to waste (Fussell & Compton 1939). This view has been revised recently, and it now seems likely that the area in wheatand probably intillagecontinuedtoincreaseuntilthe 1850s with only a brief relapse in the 1830s (Adrian 1977;Fairlie 1969;Wilkes 1980). What is in doubt is whether the zenith of arable was reached in the 1850s or the 1870s (Kain & Prince 1985;Harley 1973;Coppock 1973).…”

Section: Trends In the National Area In Tillagementioning

confidence: 99%

From Gregory King to Alure: The Changing Amount and Distribution of Arable Land in England and Wales, 1700–1985

Grigg

1988

Tijd voor Econ & Soc Geog

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Large Data Bases: The Nineteenth-Century English Corn Returns — ‘Not worth the paper that they are written on’?

Adrian¹

1999

Agricultural Markets From Theory to Practice

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The nineteenth century Gazette Corn Returns from East Anglian markets

Cited by 9 publications

References 6 publications

Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices

Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices

From Gregory King to Alure: The Changing Amount and Distribution of Arable Land in England and Wales, 1700–1985

Large Data Bases: The Nineteenth-Century English Corn Returns — ‘Not worth the paper that they are written on’?

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