Journal article
Linguistic distance and market integration in India
- Abstract:
- The role of cultural distance in market integration, particularly in the developing world, has received relatively little attention. Using prices from more than 200 South Asian markets spanning 1861 to 1921, we show that linguistic distance correlates negatively with market integration. A one-standard-deviation increase in linguistic distance predicts a reduction in the price correlation between two markets of 0.121 standard deviations for wheat, 0.181 for salt, and 0.088 for rice. While factors like genetic distance, literacy gaps, and railway connections are correlated with linguistic distance, they do not fully explain the correlation between linguistic distance and market integration.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Files:
-
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(Preview, Accepted manuscript, pdf, 2.5MB, Terms of use)
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- Publisher copy:
- 10.1017/s0022050720000650
Authors
+ Economic and Social Research Council
More from this funder
- Funder identifier:
- https://ror.org/03n0ht308
- Publisher:
- Cambridge University Press
- Journal:
- Journal of Economic History More from this journal
- Volume:
- 81
- Issue:
- 1
- Pages:
- 1-39
- Publication date:
- 2021-01-26
- Acceptance date:
- 2020-08-04
- DOI:
- EISSN:
-
1471-6372
- ISSN:
-
0022-0507
- Language:
-
English
- Pubs id:
-
1191138
- Local pid:
-
pubs:1191138
- Deposit date:
-
2024-12-12
Terms of use
- Copyright holder:
- Economic History Association
- Copyright date:
- 2021
- Rights statement:
- © The Economic History Association 2021.
- Notes:
- This is the accepted manuscript version of the article. The final version is available online from Cambridge University Press at https://dx.doi.org/10.1017/s0022050720000650
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