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Grain prices in the Russian Empire: did convergence come by train?

Name
Vera
Surname
Ivanova
Scientific organization
Higher School of Economics
Academic degree
PhD
Position
research fellow, Center for Market Studies and Spatial Economics
Scientific discipline
Humanities & Social sciences
Topic
Grain prices in the Russian Empire: did convergence come by train?
Abstract
The paper studies the behavior of grain prices in the Russian Empire in the period from 1860 to 1913. Using annual historical data, I study 1) the impact of spatial relations between regions on regional disparities in grain prices; 2) the impact of railway network on price differences between regions. I show that the data on prices in provincial cities of the Russian Empire yield strong empirical support for convergence in grain prices across gubernias during the period under consideration. I find that the effect of railways on grain price convergence was significant, but rather small.
Keywords
railways, grain, price, convergence, Russian Empire