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Globalisation and the Ottoman Empire: A study of integration between Ottoman and world cotton markets

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  • Laura Panza

    (School of Economics, La Trobe University)

Abstract

The Ottoman Empire underwent a process of integration with the global economy during the second half of the Nineteenth Century. This paper explores one aspect of this process, examining the linkages established between the cotton industries in Egypt and Western Anatolia, which we consider as part of the Empire, and the international cotton market during the first wave of globalisation. We undertake a quantitative exploration of the pattern of price transmission between the Ottoman and the international cotton markets over this period, connecting changes in the nature of spatial market integration to major economic and political developments.

Suggested Citation

  • Laura Panza, 2012. "Globalisation and the Ottoman Empire: A study of integration between Ottoman and world cotton markets," Working Papers 2012.01, School of Economics, La Trobe University.
    • Handle: RePEc:trb:wpaper:2012.01
    Note: ISSN-1837-2198
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    References listed on IDEAS

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    1. David S. Jacks & Kevin H. O'Rourke & Jeffrey G. Williamson, 2011. "Commodity Price Volatility and World Market Integration since 1700," The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 800-813, August.
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    4. Paresh Kumar Narayan, 2005. "The saving and investment nexus for China: evidence from cointegration tests," Applied Economics, Taylor & Francis Journals, vol. 37(17), pages 1979-1990.
    5. Stephen Leybourne & Paul Newbold, 2003. "Spurious rejections by cointegration tests induced by structural breaks," Applied Economics, Taylor & Francis Journals, vol. 35(9), pages 1117-1121.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Market integration; Globalisation; Ottoman Empire;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • N75 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Asia including Middle East
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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