Climate change, weather shocks, and price convergence in pre-industrial Germany
研究了工业化前德国市场整合中天气冲击和气候变化对价格收敛测量的影响,发现人口增长和河流运输是价格收敛的主因,而非气候变化。
Abstract Market integration of European inland regions such as Germany caught up on North-Western Europe from the seventeenth century onwards. As many studies rely on grain prices and the pre-industrial era was a period of climate change, a relevant question is in how far changing weather shocks impact on the measurement of convergence trends. We create a new high-quality grain price dataset and apply four methodologies to quantify market integration robust to weather shocks and climate change. Population growth and river transport turn out as plausible explanations for price convergence rather than climate change.