Template-type: ReDIF-Paper 1.0
Author-Name: Rafael Dobado González
Author-Email: rdobado@ccee.ucm.es
Author-Person: pdo179 
Author-Workplace-Name: Departamento de Economía Aplicada, Estructura e Historia, Facultad de Ciencias Económicas y Empresariales (Faculty of Economics and 
	Business), Universidad Complutense de Madrid
Author-Workplace-Homepage: https://www.ucm.es/deaeh
Author-Name: Gustavo A. Marrero
Author-Email: gustavom@ccee.ucm.es
Author-Person: pma419 
Author-Workplace-Name: Universidad Complutense de Madrid. Facultad de Ciencias Económicas y Empresariales.
	Dpto. Economía Cuantitativa
Title: Corn Market Integration in Porfirian Mexico
Abstract: This paper deals with a polemic and relevant aspect of the economic history of Porfirian 
	Mexico: the integration of agricultural domestic markets. Since corn was the staple product of 
	the commercial agricultural sector and also the main subsistence crop, it is the protagonist of this
	story. Panel techniques, similar to those used by Barro and Sala-i-Martín (1992), are applied to a
	price convergence model. Our analysis reveals that Mexico was not an exception in the international
	panorama of market integration in late 19th and early 20th centuries [O’Rourke and Williamson
	(1999)]. Although still incomplete on the eve of the Mexican Revolution, corn market integration 
	substantially increased during the Porfiriato and ended up further than estimated by Kuntz 
	(1995a, 1995b, 1996, 1999a and 1999b). Railroads were not only indispensable to the economic growth
	of Mexico, as Coatsworth (1984) showed, in particular to the export sector, but they also played a positive
	and significant role in the process of corn market integration.
Classification-JEL: N16, N56, O13, C33
Keywords: Porfirian Mexico, Market integration, Railroads, Price convergence and panel data.
Length: 16 pages 
Creation-Date: 2004 
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/doicae0402.txt
File-URL: https://eprints.ucm.es/id/eprint/7716/1/0402.pdf
File-Format: Application/pdf
Handle: RePEc:ucm:doicae:0402