Grain Markets in Europe, 1500–1900

Grain Markets in Europe, 1500–1900

Author: Karl Gunnar Persson

Publisher: Cambridge University Press

Published: 1999-12-09

Total Pages: 197

ISBN-13: 1139426311

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In this 1999 book, Karl Gunnar Persson surveys a broad sweep of economic history, examining one of the most crucial markets - grain. His analysis allows him to draw more general lessons, for example that liberalization of markets was linked to political authoritarianism. Grain Markets in Europe traces the markets' early regulation, their poor performance and the frequent market failures. Price volatility caused by harvest shocks was of major concern for central and local government because of the unrest it caused. Regulation became obsolete when markets became more integrated and performed better through trade triggered by falling transport costs. Persson, a specialist in economic history, uses insights from development economics, explores contemporary economic thought on the advantages of free trade, and measures the extent of market integration using the latest econometric methods. Grain Markets in Europe will be of value to scholars and students in economic history, social history and agricultural and institutional economics.


The 'Mother of All Trades'

The 'Mother of All Trades'

Author: Milja van Tielhof

Publisher: BRILL

Published: 2002-01-01

Total Pages: 438

ISBN-13: 9789004125469

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This book aims to present a general history of the Amsterdam grain trade on the Baltic in the early-modern period, and concentrates particularly on the development and role of transaction costs.


Bread upon the Waters

Bread upon the Waters

Author: Robert E. Jones

Publisher: University of Pittsburgh Pre

Published: 2016-03-19

Total Pages: 313

ISBN-13: 0822978717

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In eighteenth-century Russia, as elsewhere in Europe, bread was a dietary staple—truly grain was the staff of economic, social, and political life. Early on Tsar Peter the Great founded St. Petersburg to export goods from Russia's vast but remote interior and by doing so to drive Russia's growth and prosperity. But the new city also had to be fed with grain brought over great distances from those same interior provinces. In this compelling account, Robert E. Jones chronicles how the unparalleled effort put into the building of a wide infrastructure to support the provisioning of the newly created but physically isolated city of St. Petersburg profoundly affected all of Russia's economic life and, ultimately, the historical trajectory of the Russian Empire as a whole. Jones details the planning, engineering, and construction of extensive canal systems that efficiently connected the new capital city to grain and other resources as far away as the Urals, the Volga, and Ukraine. He then offers fresh insights to the state's careful promotion and management of the grain trade during the long eighteenth century. He shows how the government established public granaries to combat shortages, created credit instruments to encourage risk taking by grain merchants, and encouraged the development of capital markets and private enterprise. The result was the emergence of an increasingly important cash economy along with a reliable system of provisioning the fifth largest city in Europe, with the political benefit that St. Petersburg never suffered the food riots common elsewhere in Europe. Thanks to this well-regulated but distinctly free-market trade arrangement, the grain-fueled economy became a wellspring for national economic growth, while also providing a substantial infrastructural foundation for a modernizing Russian state. In many ways, this account reveals the foresight of both Peter I and Catherine II and their determination to steer imperial Russia's national economy away from statist solutions and onto a path remarkably similar to that taken by Western European countries but distinctly different than that of either their Muscovite predecessors or Soviet successors.


The International Grain Trade

The International Grain Trade

Author: Nick Butler

Publisher: Routledge

Published: 2017-03-16

Total Pages: 166

ISBN-13: 1351757490

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The mood of the international grain market changed remarkably in the decade before this book was originally published in 1986. In the early 1970s, which were years of buoyancy and high prices, the concern was with feeding the starving millions and subsequently, in the United states, with the use of the grain embargo weapon to put pressure on the Soviet Union. In the mid-1980s, after a long period in which the recession kept prices down, the climate was much gloomier. The book considers the state of the major supplier countries and their particular problems. It charts the changes in the market and discusses major issues of international concern. It concludes by surveying prospects for the market.


The International Grain Trade

The International Grain Trade

Author: Michael Atkin

Publisher: Elsevier

Published: 1995-05-31

Total Pages: 192

ISBN-13: 1845692829

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Grain is one of the world's most important staple commodities and one of the most hotly contested. With ever present malnutrition and starvation in many regions contrasting with huge agricultural surpluses in richer areas, it comes as no surprise that grain features highly in both human welfare and global trading issues.In the second edition of this book, Michael Atkin examines the political and economic dynamics of the international trade, explaining to the reader how the industry works and producing an understanding of the many ironies that are apparent in the trade of this vital commodity. This edition also takes into account a number of recent developments that have affected, or promise to affect, the grain trade such as the collapse of the USSR and the completion of the Uruguay Round at GATT.The book introduces the grain market to those who have not yet made its acquaintance and makes an excellent quick reference source for the better informed, providing a comprehensive insider's view of the trade.The international grain trade is an essential desk top reference to every aspect of the market for producers, traders, brokers, institutional investors and students.


Markov-Switching Vector Autoregressions

Markov-Switching Vector Autoregressions

Author: Hans-Martin Krolzig

Publisher: Springer Science & Business Media

Published: 2013-06-29

Total Pages: 369

ISBN-13: 364251684X

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This book contributes to re cent developments on the statistical analysis of multiple time series in the presence of regime shifts. Markov-switching models have become popular for modelling non-linearities and regime shifts, mainly, in univariate eco nomic time series. This study is intended to provide a systematic and operational ap proach to the econometric modelling of dynamic systems subject to shifts in regime, based on the Markov-switching vector autoregressive model. The study presents a comprehensive analysis of the theoretical properties of Markov-switching vector autoregressive processes and the related statistical methods. The statistical concepts are illustrated with applications to empirical business cyde research. This monograph is a revised version of my dissertation which has been accepted by the Economics Department of the Humboldt-University of Berlin in 1996. It con sists mainly of unpublished material which has been presented during the last years at conferences and in seminars. The major parts of this study were written while I was supported by the Deutsche Forschungsgemeinschajt (DFG), Berliner Graduier tenkolleg Angewandte Mikroökonomik and Sondeiforschungsbereich 373 at the Free University and Humboldt-University of Berlin. Work was finally completed in the project The Econometrics of Macroeconomic Forecasting founded by the Economic and Social Research Council (ESRC) at the Institute of Economies and Statistics, University of Oxford. It is a pleasure to record my thanks to these institutions for their support of my research embodied in this study.