Price shocks in regional markets
Japan's Great Kantō Earthquake of 1923
Dados Bibliográficos
| ID | 3512809 |
|---|---|
| Autores | J Hunter (0000-0002-9481-5782, Janet Hunter, London School of Economics and Political Science; Kota Ogasawara, Chiba University, autor correspondente), Kota Ogasawara (0000-0002-7744-2988, Janet Hunter, London School of Economics and Political Science; Kota Ogasawara, Chiba University) |
| Ano | 2019 |
| Volume | 72 |
| Fascículo | 4 |
| Páginas | 1335-1362 |
| Data de publicação | 2019-11-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | The Economic History Review (JOURNAL) |
| Identificadores do periódico | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Editora | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ehr.12775 |
| OpenAlex | W2902873200 |
| Idioma | EN |
| Citações recebidas | 3 |
| Referências citadas | 33 |
Japan's Great Kantō Earthquake of 1 September 1923 devastated the area around Tokyo and the country's main port of Yokohama. This article uses the earthquake as a case study to inform our understanding of the economics of disasters and the history of market integration. It seeks to test two main assumptions: first, that shifting demand and supply curves consequent on a disaster will have some impact on prices; and second, that any local changes in the disaster region are likely to be diffused across a wider geographical area. We make use of a unique monthly wholesale price dataset for a number of cities across Japan, and our analysis suggests three main findings: that price changes in the affected areas immediately following the disaster were in most cases reflected in price changes in Japan's provincial cities; that cities further away from the devastation witnessed smaller price changes than those nearer to the affected area; and that the observed pattern of price changes reflects the regional heterogeneity identified by scholars who have worked on market integration in Japan
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| Obras citantes distintas | 3 |
|---|---|
| Citações por ano | 0,6 |
| Intervalo de citações | 2021 - 2026 (6) |
| Velocidade de citação | current |
| Altamente citado | Não |
| Tipos de citação | Neutras: 3 |