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The Modern Silk Road: The Global Raw-Silk Market, 1850–1930

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  • Ma, Debin

Abstract

From the mid-nineteenth century, the raw-silk trade served as the most important trade linkage between the then still largely closed economies of East Asia and the industrialized West. This article traces the evolution of the global raw-silk market during the period 1850 through 1930. Using comprehensive data on raw-silk prices and quantities and applying co-integration techniques, I find a well-integrated global raw-silk market evolved during this period. This article also examines the evolution of technologies and institutions of the global silk industry, which exhibited characteristics of path dependency and technical interrelatedness.

Suggested Citation

  • Ma, Debin, 1996. "The Modern Silk Road: The Global Raw-Silk Market, 1850–1930," The Journal of Economic History, Cambridge University Press, vol. 56(2), pages 330-355, June.
    • Handle: RePEc:cup:jechis:v:56:y:1996:i:02:p:330-355_01
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    Cited by:

    1. NAKABAYASHI, Masaki, 2008. "Imposed Efficiency of Treaty Port: Japanese Industrialization and Western Imperialist Institutions," ISS Discussion Paper Series (series F) f142, Institute of Social Science, The University of Tokyo, revised 15 Jun 2012.
    2. Masaki Nakabayashi, 2014. "Special Issue: Issues in Asia. Guest Editor: Laixun Zhao," Review of Development Economics, Wiley Blackwell, vol. 18(2), pages 254-271, May.
    3. Tomoko HASHINO, 2021. "From Lyon to Kyoto: Modernization of a Traditional Silk-Weaving District in Japan, 1887–1929," Discussion Papers 2122, Graduate School of Economics, Kobe University.
    4. Manitra A. Rakotoarisoa & Sung‐soo Kim, 2008. "Does Trade, Technology, or Education Expel Traditional Sectors? Some Evidence from the Collapse of the Silk Sector in South Korea," Asian Economic Journal, East Asian Economic Association, vol. 22(2), pages 113-132, June.

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