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Interrregional trade and market inte...

Jue, Jaime Gilbert.

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Interrregional trade and market integration: California and the transcontinental railroad, 1860--1900.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Interrregional trade and market integration: California and the transcontinental railroad, 1860--1900./
Author:	Jue, Jaime Gilbert.
Description:	212 p.
Notes:	Source: Dissertation Abstracts International, Volume: 61-03, Section: A, page: 1102.
Contained By:	Dissertation Abstracts International61-03A.
Subject:	Economics, History. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9966425
ISBN:	9780599711976

Interrregional trade and market integration: California and the transcontinental railroad, 1860--1900.
Jue, Jaime Gilbert.

Interrregional trade and market integration: California and the transcontinental railroad, 1860--1900. - 212 p.

Source: Dissertation Abstracts International, Volume: 61-03, Section: A, page: 1102.

Thesis (Ph.D.)--University of California, Berkeley, 1999.

The concepts of globalization and market integration are prevalent topics in contemporary discussions of international trade. This dissertation draws parallels between twentieth-century globalization and nineteenth-century regional integration. The post-Civil War United States experienced a rapid expansion in its interregional trade linkages as a result of the development of a nationwide network of railroads. Since this trade activity occurred within one country and without restrictions on interstate trade, its role in market integration can be examined in the absence of present day institutional complexities. This dissertation uses historical price and freight rate data to examine the relationship between the processes of price convergence, regional specialization, and innovations in transportation.

ISBN: 9780599711976Subjects--Topical Terms:

1017418
Economics, History.

Interrregional trade and market integration: California and the transcontinental railroad, 1860--1900.
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100 1 $a Jue, Jaime Gilbert. $3 1914715
245 1 0 $a Interrregional trade and market integration: California and the transcontinental railroad, 1860--1900.
300 $a 212 p.
500 $a Source: Dissertation Abstracts International, Volume: 61-03, Section: A, page: 1102.
500 $a Chair: Christina D. Romer.
502 $a Thesis (Ph.D.)--University of California, Berkeley, 1999.
520 $a The concepts of globalization and market integration are prevalent topics in contemporary discussions of international trade. This dissertation draws parallels between twentieth-century globalization and nineteenth-century regional integration. The post-Civil War United States experienced a rapid expansion in its interregional trade linkages as a result of the development of a nationwide network of railroads. Since this trade activity occurred within one country and without restrictions on interstate trade, its role in market integration can be examined in the absence of present day institutional complexities. This dissertation uses historical price and freight rate data to examine the relationship between the processes of price convergence, regional specialization, and innovations in transportation.
520 $a This study is composed of three major essays. The first essay uses commodity price data from the U.S. Department of War to assess the degree of postbellum market integration across cities. This price data is supplemented with direct measures of freight costs between selected city pairs. Statistical tests show the presence of persistent profitable opportunities for intercity trade which suggest market imperfections or other indirect costs that limit the extent of regional integration.
520 $a The second essay focuses on east-west transcontinental trade to and from San Francisco and New York. Standard criteria used in the comparison of income growth across countries, beta and sigma convergence, are applied to determine the extent of interregional price convergence. Using additional freight rate data, econometric tests are performed to determine the long-run relationship between price differentials and transportation costs between the two cities. Although freight rates and price differentials both declined during this period, the regression results do not indicate a statistically significant relationship between the two phenomenon.
520 $a The third essay examines long-run structural changes in two states which are likely to be affected by the new transcontinental railroad: New York and California. This essay uses data from the U.S. Census to compare the growth of their manufacturing and agricultural sectors and to detect industrialization and regional specialization. Although California manufacturing experienced steady growth and specialization after the transcontinental railroad, the data indicates that there is not a detectable period of industrialization.
590 $a School code: 0028.
650 4 $a Economics, History. $3 1017418
650 4 $a Economics, General. $3 1017424
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710 2 0 $a University of California, Berkeley. $3 687832
773 0 $t Dissertation Abstracts International $g 61-03A.
790 1 0 $a Romer, Christina D., $e advisor
790 $a 0028
791 $a Ph.D.
792 $a 1999
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9966425