Alfred Marshall, Silver, and China
Bibliographic Data
| ID | 20437762 |
|---|---|
| Authors | Liuyan Zhao (0000-0003-2256-0175, Peking University, corresponding author), Yan Zhao (0009-0007-8186-9443, Peking University) |
| Year | 2018 |
| Volume | 58 |
| Issue | 2 |
| Pages | 153-175 |
| Publication date | 2018-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Australian Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0004-8992 • E-ISSN: 1467-8446 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/aehr.12138 |
| OpenAlex | W2741162334 |
| Language | EN |
| References cited | 17 |
The paper provides an empirical investigation of Alfred Marshall's analysis of the silver flow mechanism between the West and the East, which maintains that silver will flow whenever there is a difference in its purchasing power. The results show that Marshall's analysis offers an empirically sound interpretation of changes in the price level in China and the silver flow across China's borders. The results also confirm that there was a high degree of international integration for China's internal and external prices of silver. Moreover, the stable purchasing power parity could in practice be maintained by silver flow without resorting to a substantial percentage of tradable goods
China · Economics · Exchange rate · Flow (mathematics) · Macroeconomics · Monetary economics · Operations management · Political science · Power (physics) · Purchasing · Purchasing power · Purchasing power parity · Global trade and economics · Law · Market Dynamics and Volatility · Mathematics · Monetary Policy and Economic Impact
A Monetary History of the United States, 1867-1960
Testing the null hypothesis of stationarity against the alternative of a unit root
Commercialization and Agricultural Development
Measuring Market Integration
The Purchasing-Power Parity Doctrine
Franklin D. Roosevelt, Silver, and China
Milton Friedman, Silver, and China
Silver fetters? The rise and fall of the Chinese price level 1928–34
Theoretical Notes on Trade Problems
China and the Flow of Silver
| Citation velocity | historical |
|---|---|
| Highly cited | No |