Showing 1 - 10 of 641
International trade became much less multilateral during the 1930s. Previous studies, looking at aggregate trade flows …, have argued that discriminatory trade policies had comparatively little to do with this. Using highly disaggregated … information on the UK's imports and trade policies, we find that policy can explain the majority of Britain's shift towards …
Persistent link: https://www.econbiz.de/10012455517
Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …
Persistent link: https://www.econbiz.de/10012458739
the efficient institution to do so was Parliament. We show that royal boroughs with trade-favoring geography were much …
Persistent link: https://www.econbiz.de/10012455076
The United States became a net exporter of manufactured goods around 1910 after a dramatic surge in iron and steel exports began in the mid-1890s. This paper argues that natural resource abundance fueled the expansion of iron and steel exports in part by enabling a sharp reduction in the price...
Persistent link: https://www.econbiz.de/10012471129
these three competing views has explicitly shown the difference between trade expansion driven by booming demand and supply … within the trading economies (e.g., the underlying fundamental, population growth), and trade expansion driven by the …
Persistent link: https://www.econbiz.de/10012471135
There are two contrasting views of pre-19th century trade and globalization. First, there are the world history …
Persistent link: https://www.econbiz.de/10012471370
This survey reviews the broad changes in U.S. trade policy over the course of the nation's history. Import tariffs have … been the main instrument of trade policy and have had three main purposes: to raise revenue for the government, to restrict … imports and protect domestic producers from foreign competition, and to reach reciprocity agreements that reduce trade …
Persistent link: https://www.econbiz.de/10012480200
In this chapter, we describe long-run trends in global merchandise trade and immigration from 1870 to 2010. We revisit … interwar period, and then rebounded (but with much more pronounced growth in trade than in immigration). More substantively, we … change in the composition of merchandise trade towards manufactured goods precisely dating from 1950. Finally, using a triple …
Persistent link: https://www.econbiz.de/10012480663
This paper describes broad regional and temporal trends in the evolution of international trade and international … factor flows between 1700 and 1870, including key differences in trade costs across space and time. We find trade links in … to these differences, the chapter lays out theoretical reasons for links between trade and economic growth and examines …
Persistent link: https://www.econbiz.de/10012482046
What has driven trade booms and trade busts in the past and present? We derive a micro-founded measure of trade … frictions from leading trade theories and use it to gauge the importance of bilateral trade costs in determining international … trade flows. We construct a new balanced sample of bilateral trade flows for 130 country pairs across the Americas, Asia …
Persistent link: https://www.econbiz.de/10012463384