Linguistic Distance and Market Integration in India
نویسندگان
چکیده
The role of cultural distance in market integration, particularly 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 correlates negatively with integration. A one-standard-deviation increase predicts a reduction price correlation between two 0.121 standard deviations for wheat, 0.181 salt, and 0.088 rice. While factors like genetic distance, literacy gaps, railway connections are correlated they do not fully explain
منابع مشابه
Linguistic Distance and Market Integration in India
We collect data on grain and salt prices, as well as language, for more than 200 South Asian markets in the 19th and early 20th centuries. Conditional on a rich set of controls and fixed effects, we find that linguistically distant markets are less integrated as measured by the degree of price correlation. While linguistically distant markets exhibit greater genetic distance, greater difference...
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ژورنال
عنوان ژورنال: The Journal of Economic History
سال: 2021
ISSN: ['0022-0507', '1471-6372']
DOI: https://doi.org/10.1017/s0022050720000650