Great divergence, consumer revolution and the reorganization of textile markets: Evidence from Hamburg’s import trade, eighteenth century
Great divergence, consumer revolution and the reorganization of textile markets: Evidence from Hamburg’s import trade, eighteenth century
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大分流、消费革命和纺织品市场重组:来自十八世纪汉堡进口贸易的证据
DOI:
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发表时间:
2017
期刊:
影响因子:
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通讯作者:
Westfälische
中科院分区:
文献类型:
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作者:
U. Pfister;Westfälische
The study combines information on some 180,000 import declarations for 36 years in 1733–1798 with published prices for forty-odd commodities to produce aggregate and commodity specific estimates of import quantities in Hamburg’s overseas trade. In order to explain the trajectory of imports of specific commodities estimates of simple import demand functions are carried out. Since Hamburg constituted the principal German sea port already at that time, information on its imports can be used to derive tentative statements on the aggregate evolution of Germany’s foreign trade. The main results are as follows: Import quantities grew at an average rate of at least 0.7 per cent between 1736 and 1794, which is a bit faster than the increase of population and GDP, implying an increase in openness. Relative import prices did not fall, which suggests that innovations in transport technology and improvement of business practices played no role in overseas trade growth. Real imports of colonial groceries grew at 1.6 per cent annually, which is slightly below the growth rate of a crude measure of European Atlantic trade during the early modern era (about 2 per cent). During the last third of the eighteenth century sugar and coffee alone accounted for more than 60 per cent of total recorded overseas imports. By contrast, real imports of wine and Mediterranean groceries, which had constituted the most important group of imported commodities in 1678, declined at a rate of -0.7 per cent p. a. in 1736–1798. Relative prices of Mediterranean beverages and groceries increased over time, and import demand of wine in particular showed positive cross-price elasticity with American groceries. Thus, New World goods whose production benefited from unlimited land supply and the availability of forced labour substituted for land-intensive Old World Goods whose supply was increasingly constrained by rising marginal cost. However, the positive time trend of imports of colonial goods remains when taking into account shifts in relative prices, and it cannot be explained by changes in real income per factor unit, which declined (day wage of unskilled workers, land rent) between the 1730s and early 1790s. After strong growth during the first three decades of the eighteenth century imports of cotton goods declined continuously until reaching a trough in 1771–1786. Thereafter imports rose again rapidly as a reflection of the British Industrial Revolution. Between 1753 and c. 1790 there was a strong rise of imports of raw cotton through the northern Netherlands (but not through Hamburg), suggesting import substitution. The expansion of domestic textile production can partly explain the positive time trend in import demand for colonial groceries: Rural households compensated for the fall of the real wage by a mobilization of seasonal labour reserves to engage in market-related activities. Incremental income was spent on stimulants and easily absorbable carbohydrates to accommodate for meagre grain rations. The results lend qualified support for the Great Divergence and Industrious Revolution theses.