NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices

Wolfgang Keller, Carol H. Shiue, Xin Wang

NBER Working Paper No. 21349
Issued in July 2015, Revised in May 2018

---- Acknowledgments ----

We thank Howard Bodenhorn, Stephen Broadberry, Edmund Cannon, Kris Mitchener, Kevin O’Rourke, Sevket Pamuk, and Jeff Williamson, as well as participants at CEPR/CAGE Venice, the Third Quantitative Economic History workshop in Beijing, and the World Economic History conference in Kyoto for comments. Thanks to Edmund Cannon, Wang Yeh-Chien, Nathan Nunn, Jeff Williams, and Brian Wright for research support. William Ridley and Austin Smith performed excellent research assistance. NSF support under grant SES 1124426 is gratefully acknowledged. Part of this research was done when Keller and Shiue were National Fellows at the Hoover Institution in Stanford, which they thank for its hospitality. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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