Identity in trade - Evidence from the legacy of the Hanseatic League
How do trade networks persist following disruptions of political networks?
We study different types of persistence following the decline of the Hanseatic League, using a panel of 21,590 city-level trade flows over 190 years, covering 1,425 cities.
We use the Sound Toll data, a dataset collected by the Danish crown until 1857 that registered every ship entering or leaving the Baltic Sea, forming one of the most granular and extensive trade data sets.
We measure trade flows by counting the number of ships sailing on a particular route in a given year and estimate gravity equations using PPML and an appropriate set of fixed effects.
Apart from new quantitative and qualitative insights on the persistence of trade flows, our paper is also of historic interest, as it provides new and detailed information on the speed of decline of trade amongst members of the Hanseatic League.
Presented by
Associate Professor Ferdinand Rauch
Co-authors
Max Marczinek (Oxford) and Stephan Maurer (Konstanz)
SoDa Labs webinar series
The SoDa Labs webinar series provides a platform for researchers around the world to present work that uses novel and alternative data and/or tools from data science and beyond to answer social science questions.
Event Details
- Date:
- 20 September 2022 at 4:00 pm – 5:00 pm
- Venue:
- Online
- Categories:
- General; SoDa Labs; SoDa Labs Webinars
Description
How do trade networks persist following disruptions of political networks?
We study different types of persistence following the decline of the Hanseatic League, using a panel of 21,590 city-level trade flows over 190 years, covering 1,425 cities.
We use the Sound Toll data, a dataset collected by the Danish crown until 1857 that registered every ship entering or leaving the Baltic Sea, forming one of the most granular and extensive trade data sets.
We measure trade flows by counting the number of ships sailing on a particular route in a given year and estimate gravity equations using PPML and an appropriate set of fixed effects.
Apart from new quantitative and qualitative insights on the persistence of trade flows, our paper is also of historic interest, as it provides new and detailed information on the speed of decline of trade amongst members of the Hanseatic League.
Presented by
Associate Professor Ferdinand Rauch
Co-authors
Max Marczinek (Oxford) and Stephan Maurer (Konstanz)
SoDa Labs webinar series
The SoDa Labs webinar series provides a platform for researchers around the world to present work that uses novel and alternative data and/or tools from data science and beyond to answer social science questions.
Event Contact
- Name
- SoDaLabs@monash.edu
- Phone
- Organisation