IDEAS home Printed from https://ideas.repec.org/a/eme/aeapps/aea-11-2023-0444.html
   My bibliography  Save this article

The Catalan commercial integration with early modern Europe, 1630–1778

Author

Listed:
  • Carles Manera
  • Jose Perez-Montiel
  • Oguzhan Ozcelebi
  • Andreu Seguí

Abstract

Purpose - This study aims to analyze whether the Barcelona markets integrated with Europe during the 17th and 18th centuries. Design/methodology/approach - This study uses the unit root tests with multiple structural breaks under both the null and alternative hypotheses proposed by Carrion-i-Silvestreet al.(2009) and Harveyet al.(2013). These tests are robust to multiple unknown breaks in the series. Findings - The results suggest that the Barcelona wheat markets integrated with some European cities during the 18th century. Originality/value - The results are important because they highlight the importance of considering nonlinearities and structural breaks in the series to study market integration with historical perspective. Contrary to the results obtained using conventional unit root tests, when this study applies unit root tests robust to structural breaks in the series, it finds that the law of one price holds in some cases.

Suggested Citation

  • Carles Manera & Jose Perez-Montiel & Oguzhan Ozcelebi & Andreu Seguí, 2024. "The Catalan commercial integration with early modern Europe, 1630–1778," Applied Economic Analysis, Emerald Group Publishing Limited, vol. 33(97), pages 35-52, October.
    • Handle: RePEc:eme:aeapps:aea-11-2023-0444
    DOI: 10.1108/AEA-11-2023-0444
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/AEA-11-2023-0444/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: no
    File URL: https://www.emerald.com/insight/content/doi/10.1108/AEA-11-2023-0444/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: no
    File URL: https://libkey.io/10.1108/AEA-11-2023-0444?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Nonlinearity; Unit root tests;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:aeapps:aea-11-2023-0444. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.