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Heterogeneity and Geography of the World Trade Collapses of the 1930s and 2000s

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  • Peter A.G. van Bergeijk

Abstract

This paper analyses drivers of imports during the major world trade collapses of the Great Depression (1930s; 34 countries) and the Great Recession (2000s; 173 countries). The dependent variable is the peak to trough distance of the volume of imports in the first year and 3†year†period of these episodes, respectively. The paper develops a succinct empirical model that shows a significant impact of the peak to peak distance of GDP, the share of manufacturing goods in total imports and the political system. The 3†year†period distance for the volume of imports is significantly different for the 1930s and 2000s, but this is not the case for the 1st year of the two trade collapses. Importantly, the analysis uncovers significant heterogeneity with respect to regions.

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  • Peter A.G. van Bergeijk, 2018. "Heterogeneity and Geography of the World Trade Collapses of the 1930s and 2000s," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 109(1), pages 36-56, February.
    • Handle: RePEc:bla:tvecsg:v:109:y:2018:i:1:p:36-56
    DOI: 10.1111/tesg.12265
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    Cited by:

    1. van Bergeijk, P.A.G., 2017. "One is not enough! An economic history perspective on world trade collapses and deglobalization," ISS Working Papers - General Series 98695, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.

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