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Modern silk road: global raw silk market 1850-1930

Ma, Debin (1996) Modern silk road: global raw silk market 1850-1930. The Journal of Economic History, 56 (2). pp. 330-355. ISSN 0022-0507

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Abstract

From the mid-nineteenth century, the raw-silk trade served as the most important trade linkage between the then still largely closed economies of East Asia and the industrialized West. This article traces the evolution of the global raw-silk market during the period 1850 through 1930. Using comprehensive data on raw-silk prices and quantities and applying co-integration techniques, I find a well-integrated global raw-silk market evolved during this period. This article also examines the evolution of technologies and institutions of the global silk industry, which exhibited characteristics of path dependency and technical interrelatedness.

Item Type: Article
Official URL: http://journals.cambridge.org/action/displayJourna...
Additional Information: © 1996 The Economic History Association
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economic History
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 11 Feb 2010 11:15
URL: http://eprints.lse.ac.uk/26951/

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