Price responses of grain market under climate change in pre-industrial Western Europe by ARX modelling

  title={Price responses of grain market under climate change in pre-industrial Western Europe by ARX modelling},
  author={Qing Pei and David Dian Zhang and Jingjing Xu},
  journal={2014 4th International Conference On Simulation And Modeling Methodologies, Technologies And Applications (SIMULTECH)},
  • Qing PeiD. ZhangJingjing Xu
  • Published 1 August 2014
  • Economics
  • 2014 4th International Conference On Simulation And Modeling Methodologies, Technologies And Applications (SIMULTECH)
In academia, there are few studies adopted ARX modelling on historical datasets. Recently, the studies on notable effects of climatic changes upon past agrarian economy are paid by more attention. Here, this study first time seriously explores the relationship between climatic change and the grain market at a macro-scale in pre-industrial Western Europe by ARX modelling. The results show that a cold phase would raise grain price through lowering the supply in the grain market. Furthermore… 

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