Tariffs and Growth in Late Nineteenth Century America
AbstractWere high import tariffs somehow related to the strong U.S. economic growth during the late nineteenth century? This paper examines this frequently mentioned but controversial question and investigates the channels by which tariffs could have promoted growth during this period. The paper shows that: (i) late nineteenth century growth hinged more on population expansion and capital accumulation than on productivity growth; (ii) tariffs may have discouraged capital accumulation by raising the price of imported capital goods; (iii) productivity growth was most rapid in non-traded sectors (such as utilities and services) whose performance was not directly related to the tariff.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal The World Economy.
Volume (Year): 24 (2001)
Issue (Month): 1 (01)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0378-5920
Other versions of this item:
- Douglas A. Irwin, 2000. "Tariffs and Growth in Late Nineteenth Century America," NBER Working Papers 7639, National Bureau of Economic Research, Inc.
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- N11 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: Pre-1913
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Tarifas e crescimento no sÃ©culo XIX
by Thomas H. Kang in Oikomania on 2012-02-24 12:24:00
- Est-ce quun pays doit protéger ses industries naissantes pour se développer?
by minarchiste in Le Minarchiste on 2013-03-01 12:12:25
- Le culte des exportationsâ¦
by Minarchiste in Le Minarchiste on 2013-07-26 11:41:50
- Yilmaz Akyuz, 2005. "The WTO Negotiations on Industrial Tariffs: What is at Stake for Developing Countries?," Working Papers 2005/8, Turkish Economic Association.
- Raymond Riezman & John Whalley & Shunming Zhang, 2008.
"Metrics Capturing the Degree to Which Individual Economies Are Globalized,"
University of Western Ontario, Economic Policy Research Institute Working Papers
20085, University of Western Ontario, Economic Policy Research Institute.
- Raymond G. Riezman & John Whalley & Shunming Zhang, 2013. "Metrics capturing the degree to which individual economies are globalized," Applied Economics, Taylor & Francis Journals, vol. 45(36), pages 5046-5061, December.
- Raymond Riezman & John Whalley & Shunming Zhang, 2005. "Metrics Capturing the Degree to which Individual Economies are Globalized," CESifo Working Paper Series 1450, CESifo Group Munich.
- Douglas A. Irwin, 2002. "Interpreting the Tariff-Growth Correlation of the Late Nineteenth Century," NBER Working Papers 8739, National Bureau of Economic Research, Inc.
- Tena-Junguito, Antonio, 2009.
"Bairoch revisited: tariff structure and growth in the late 19th century,"
Economic History Working Papers
27869, London School of Economics and Political Science, Department of Economic History.
- Antonio Tena Junguito, 2008. "Bairoch revisited. Tariff structure and growth in the late 19th century," Working Papers in Economic History wp08-04, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
- Crafts, Nicholas & Venables, Anthony J., 2001.
"Globalization in History: A Geographical Perspective,"
CEPR Discussion Papers
3079, C.E.P.R. Discussion Papers.
- Nicholas Crafts & Anthony Venables, 2003. "Globalization in History.A Geographical Perspective," NBER Chapters, in: Globalization in Historical Perspective, pages 323-370 National Bureau of Economic Research, Inc.
- Nicholas Crafts & Anthony J. Venables, 2002. "Globalization in History: A Geographical Perspective," CEP Discussion Papers dp0524, Centre for Economic Performance, LSE.
- Crafts, Nicholas, 2012. "British relative economic decline revisited: The role of competition," Explorations in Economic History, Elsevier, vol. 49(1), pages 17-29.
- Antonio Tena Junguito, 2010.
"Tariff History Lessons from the European Periphery. Protection Intensity and the Infant Industry Argument in Spain and Italy 1870-1930,"
Historical Social Research (Section 'Cliometrics'),
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- Antonio Tena Junguito, 2006. "Tariff History Lessons from the European Periphery. Protection Intensity and the Infant Industry Argument in Spain and Italy 1870-1930," Working Papers in Economic History wp06-08, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
- Carlo Pietrobelli & Silvia Nenci, 2007. "Does tariff liberalization promote trade? Latin America in the long run (1900-2000)," Working Papers 0704, CREI Università degli Studi Roma Tre, revised 2007.
- Prema-Chandra Athukorala, 2011.
"Trade Liberalisation and The Poverty of Nations: A Review Article,"
Journal of Development Studies,
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- Prema-chandra Athukorala, 2010. "Trade Liberalisation and The Poverty of Nations: A Review Article," Departmental Working Papers 2010-01, The Australian National University, Arndt-Corden Department of Economics.
- Michael A. Clemens & Jeffrey G. Williamson, 2001. "A Tariff-Growth Paradox? Protection's Impact the World Around 1875-1997," NBER Working Papers 8459, National Bureau of Economic Research, Inc.
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