When Britain Turned Inward: The Impact of Interwar British Protection

de Bromhead, Alan and Fernihough, Alan and Lampe, Markus and O'Rourke, Kevin Hjortshøj (2019) When Britain Turned Inward: The Impact of Interwar British Protection. American Economic Review, 109 (2). pp. 325-352. ISSN 0002-8282

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Abstract

International trade collapsed, and also became much less multilateral, during the 1930s. Previous studies, looking at aggregate trade flows, have argued that trade policies had relatively little to do with either phenomenon. Using a new dataset incorporating highly disaggregated information on the United Kingdom's imports and trade policies, we find that while conventional wisdom is correct regarding the impact of trade policy on the total value of British imports, discriminatory trade policies can explain the majority of Britain's shift toward Imperial imports in the 1930s.

Item Type:	Article
Additional Information:	O'Rourke gratefully acknowledges the financial support of the ERC, under the European Union's Seventh Framework Programme (FP7/2007-2013), ERC grant agreement 249546; the Oxford History Faculty's Sanderson Fund; and the John Fell OUP Research Fund.
Classification Codes:	JEL F13, F14, F54, N74
Divisions:	Departments > Sozioökonomie > Wirtschafts- und Sozialgeschichte
Version of the Document:	Published
Depositing User:	Gertraud Novotny
Date Deposited:	11 Feb 2019 08:09
Last Modified:	11 Feb 2019 09:26
Related URLs:	Publisher https://cordis.europa.eu/project/rcn/934...
FIDES Link:	https://bach.wu.ac.at/d/research/results/89935/
URI:	https://epub.wu.ac.at/id/eprint/6823

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