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Trade and Empire

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  • KrisJames Mitchener
  • Marc Weidenmier
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    Abstract

    We employ a new database of over 21,000 bilateral trade observations from 1870-1913 to assess the contemporaneous effects of empire on trade. Our analysis shows that belonging to an empire roughly doubled trade relative to those countries that were not part of an empire. The use of a common language, the establishment of currency unions, the monetisation of recently acquired colonies, and the establishment of preferential trade agreements and customs unions help to account for the observed increase in trade associated with empire. Copyright � The Author(s). Journal compilation � Royal Economic Society 2008.

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    File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0297.2008.02192.x
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    Bibliographic Info

    Article provided by Royal Economic Society in its journal The Economic Journal.

    Volume (Year): 118 (2008)
    Issue (Month): 533 (November)
    Pages: 1805-1834

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    Handle: RePEc:ecj:econjl:v:118:y:2008:i:533:p:1805-1834

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    Cited by:
    1. Ahmed S. Rahman, 2007. "Fighting the Forces of Gravity - Seapower and Maritime Trade between the 18th and 20th Centuries," Departmental Working Papers 17, United States Naval Academy Department of Economics.
    2. Becker, Sascha O. & Boeckh, Katrin & Hainz, Christa & Woessmann, Ludger, 2011. "The Empire Is Dead, Long Live the Empire! Long-Run Persistence of Trust and Corruption in the Bureaucracy," IZA Discussion Papers 5584, Institute for the Study of Labor (IZA).
    3. Lavallée, Emmanuelle & Lochard, Julie, 2012. "Independence and trade: the specic effects of French colonialism," Economics Papers from University Paris Dauphine 123456789/9564, Paris Dauphine University.
    4. Pinilla, Vicente & Serranoz, Raul, 2008. "The agricultural and food trade in the first globalisation: Spanish table wine exports 1871 to 1935 – a case study," Working Papers 42657, American Association of Wine Economists.
    5. Kevin Hjortshøj O'Rourke, 2012. "From Empire to Europe: Britain in the World Economy," Economics Series Working Papers Number 106, University of Oxford, Department of Economics.
    6. Jacks, David S; Meissner, Christopher; Novy, Dennis, 2010. "Trade Booms, Trade Busts and Trade Costs," CAGE Online Working Paper Series 33, Competitive Advantage in the Global Economy (CAGE).
    7. Herzfeld, Thomas & Drescher, Larissa S. & Grebitus, Carola, 2008. "Spread of retailer food quality standards: An international perspective," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44005, European Association of Agricultural Economists.
    8. D'Souza, Anna, 2012. "The OECD Anti-Bribery Convention: Changing the currents of trade," Journal of Development Economics, Elsevier, vol. 97(1), pages 73-87.
    9. David S. Jacks & Christopher M. Meissner & Dennis Novy, 2006. "Trade Costs in the First Wave of Globalization," NBER Working Papers 12602, National Bureau of Economic Research, Inc.
    10. Yaron Zelekha & Eyal Sharabi, 2012. "Corruption, institutions and trade," Economics of Governance, Springer, vol. 13(2), pages 169-192, June.
    11. repec:spo:wpecon:info:hdl:2441/b0ghejdpldro9c499h4ajc937 is not listed on IDEAS
    12. Guillaume Daudin, 2010. "Domestic Trade and Market Size in Late 18th century France," Sciences Po publications info:hdl:2441/b0ghejdpldr, Sciences Po.
    13. Lavallée, Emmanuelle & Lochard, Julie, 2012. "Independence and trade: new evidence from French colonial trade data," Economics Papers from University Paris Dauphine 123456789/10246, Paris Dauphine University.
    14. Daniel Berger & William Easterly & Nathan Nunn & Shanker Satyanath, 2010. "Commercial Imperialism? Political Influence and Trade During the Cold War," NBER Working Papers 15981, National Bureau of Economic Research, Inc.

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