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Corn Market Integration in Porfirian Mexico

Published online by Cambridge University Press:  15 March 2005

RAFAEL DOBADO
Affiliation:
Professor of Economic History, Departamento de Historia Económica, UCM, Campus de Somosaguas, 28223, Madrid, Spain. E-mail: rdobado@ccee.ucm.es.
GUSTAVO A. MARRERO
Affiliation:
Professor of Economics, Departamento de Economía Cuantitativa, UCM e ICAE, Campus de Somosaguas, 28223 Madrid, Spain. E-mail: gustavom@ccee.udm.es.

Abstract

This article aims to cover an important aspect of the economic history of Porfirian Mexico: the integration of agricultural domestic markets. Because corn was the staple crop of the commercial agricultural sector, it becomes the protagonist of this story. Panel techniques are applied to a price-convergence model. Although still unfinished on the eve of the Mexican Revolution, corn market integration substantially accelerated during the Porfiriato and ended up further integrated than estimated by Kuntz. Railroads were not only indispensable to the economic growth of Mexico, but also played a key role in the process of corn market integration.

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ARTICLES
Copyright
© 2005 The Economic History Association

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