A monthly stock exchange index for Ireland, 1864-1930

Richard S. Grossman, Ronan C. Lyons, Kevin O'Rourke, Madalina A. Ursu

Research output: Contribution to journalArticle

Abstract

This paper constructs new monthly Irish stock market price indices for 1864-1930. In addition to a total market index covering 118 equity securities issued by ninety-four companies, sectoral indices are presented for railways, financial services companies, and other companies. Nominal equity prices doubled between 1864 and 1898. Between the turn of the century and 1914, prices fell by 25 percent, in contrast to the price increases experienced on the London exchange. Overall, the average annual gain in equity prices over the period was just 0.9 percent. We speculate about the respective roles of Irish politics and international shocks in driving these trends.

Original languageEnglish (US)
Pages (from-to)248-276
Number of pages29
JournalEuropean Review of Economic History
Volume18
Issue number3
DOIs
StatePublished - Jan 1 2014

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Stock exchange
Ireland
Equity prices
Equity
Stock market
Market price
Railway
Financial services
Market index
Price index
Price Index
Stock Market

ASJC Scopus subject areas

  • History
  • Economics, Econometrics and Finance (miscellaneous)

Cite this

Grossman, R. S., Lyons, R. C., O'Rourke, K., & Ursu, M. A. (2014). A monthly stock exchange index for Ireland, 1864-1930. European Review of Economic History, 18(3), 248-276. https://doi.org/10.1093/ereh/heu010

A monthly stock exchange index for Ireland, 1864-1930. / Grossman, Richard S.; Lyons, Ronan C.; O'Rourke, Kevin; Ursu, Madalina A.

In: European Review of Economic History, Vol. 18, No. 3, 01.01.2014, p. 248-276.

Research output: Contribution to journalArticle

Grossman, RS, Lyons, RC, O'Rourke, K & Ursu, MA 2014, 'A monthly stock exchange index for Ireland, 1864-1930', European Review of Economic History, vol. 18, no. 3, pp. 248-276. https://doi.org/10.1093/ereh/heu010
Grossman, Richard S. ; Lyons, Ronan C. ; O'Rourke, Kevin ; Ursu, Madalina A. / A monthly stock exchange index for Ireland, 1864-1930. In: European Review of Economic History. 2014 ; Vol. 18, No. 3. pp. 248-276.
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