Market Integration and the Welfare of Europeans (INMARWEL)

Director: Giovanni Federico

The project aimed at mapping the long-run process of integration of the European and world markets, from the early modern period to present, and at assessing its effects on the welfare and on institutions. To this aim it collected a comprehensive data-base on prices, which were then be made available on-line to scholars. These data were then used to estimate the gains from integration (or losses from disintegration). Last but not least, the project considered some case-studies of political reactions to integration (e.g. after the Napoleonic wars) and of changes in institutions.

This project was funded by a European Research Council Advanced Grant

1st September 2009 - 31st August 2013

• Detailed Project Description

Research output

• Giovanni Federico, ‘How much do we know about market integration in Europe?’, The Economic History Review  65 n.2 (2012), pp. 470-497
• Giovanni Federico, ‘The Corn Laws in continental perspective’, European Review of Economic History, 16 (2012), pp.166-187
• Giovanni Federico, ‘When did European markets integrate?’ European Review of Economic History, 15 (2011) pp. 93-126
• Giovanni Federico, Paul Sharp ‘The Cost of Railroad Regulation: The Disintegration of American Agricultural Markets in the Interwar Period’ (June 16, 2011). Univ. of Copenhagen Dept. of Economics, Discussion Paper No. 11-17
• Giovanni Federico, ‘A Tale of Two Oceans: Market Integration Over the High Seas, 1800-1940’  EHES Working Paper n.11 (October 2011)