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Globalización y convergencia de precios en el Imperio Español 1660–1810

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  • Gallo, Andrés
  • Newland, Carlos

Abstract

In this paper trade to the interior of the Spanish Empire is analysed. Commodity prices during a 140 years span are described and the price convergence process between Spain and Peru, and between Peru and Chile is investigated. The main finding is that despite technological, trade and institutional improvements, price convergence between Spain and Peru was delayed by wars during the eighteenth century. Conversely, price convergence is found between Peru and Chile. The absence of wars in the Pacific Ocean can explain the difference in price behavior.

Suggested Citation

  • Gallo, Andrés & Newland, Carlos, 2004. "Globalización y convergencia de precios en el Imperio Español 1660–1810," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 22(3), pages 573-596, December.
    • Handle: RePEc:cup:reveco:v:22:y:2004:i:03:p:573-596_01
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    Cited by:

    1. Leticia Arroyo Abad & Nuno Palma, 2020. "The Fruits of El Dorado: The Global Impact of American Precious Metals," Economics Discussion Paper Series 2003, Economics, The University of Manchester, revised May 2021.
    2. Restrepo-Estrada, Maria Isabel, 2016. "The roots of regional trade in the Americas 1870 to 1950," IFCS - Working Papers in Economic History.WH 23304, Universidad Carlos III de Madrid. Instituto Figuerola.
    3. Federico, Giovanni, 2017. "Exports and American divergence. Lost decades and Emancipation collapse in Latin American and the Caribbean 1820-1870," IFCS - Working Papers in Economic History.WH 24208, Universidad Carlos III de Madrid. Instituto Figuerola.

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