Commodity market disintegration in the interwar period
AbstractIn this paper, we document the disintegration of international commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the 1920s, and then a substantial disintegration after 1929. The period saw the unravelling of many of the integration gains of 1870-1913. While increased transport costs help explain the wartime disintegration, they cannot explain the post-1929 increase in trade costs. The proliferation of tariff and non-tariff barriers to trade, the collapse of the interwar gold standard, and the evaporation of commercial credit loom large as suspects. Copyright , Oxford University Press.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Oxford University Press in its journal European Review of Economic History.
Volume (Year): 16 (2012)
Issue (Month): 2 (May)
Contact details of provider:
Other versions of this item:
- Hynes, William & Jacks, David S. & O Rourke, Kevin H., 2009. "Commodity Market Disintegration in the Interwar Period," CEPR Discussion Papers 7189, C.E.P.R. Discussion Papers.
- William Hynes, David S Jacks and Kevin H. O’Rourke, 2009. "Commodity Market Disintegration in the Interwar Period," The Institute for International Integration Studies Discussion Paper Series iiisdp285, IIIS.
- William Hynes & David S. Jacks & Kevin H. O'Rourke, 2009. "Commodity Market Disintegration in the Interwar Period," NBER Working Papers 14767, National Bureau of Economic Research, Inc.
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
- F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
- N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Giovanni Federico, 2011. "A Tale of Two Oceans: Market Integration Over the High Seas, 1800-1940," Working Papers 0011, European Historical Economics Society (EHES).
- repec:cge:warwcg:33 is not listed on IDEAS
- Kevin HjortshÃ¸j O'Rourke, 2012.
"From Empire to Europe: Britain in the World Economy,"
Economics Series Working Papers
Number 106, University of Oxford, Department of Economics.
- Kevin H. O’Rourke, 2012. "From Empire to Europe: Britain in the World Economy," Oxford University Economic and Social History Series _106, Economics Group, Nuffield College, University of Oxford.
- James MacGee & Chris Hajzler, 2012. "Retail Price Differences across U.S. and Canadian Cities during the Interwar Period," 2012 Meeting Papers 1126, Society for Economic Dynamics.
- David S. Jacks & Christopher M. Meissner & Dennis Novy, 2009.
"Trade Booms, Trade Busts, and Trade Costs,"
NBER Working Papers
15267, National Bureau of Economic Research, Inc.
- David S. Jacks & Christopher M. Meissner & Dennis Novy, 2009. "Trade Booms, Trade Busts, and Trade Costs," CESifo Working Paper Series 2767, CESifo Group Munich.
- 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).
- Richard S. Grossman & Christopher M. Meissner, 2010.
"International aspects of the Great Depression and the crisis of 2007: similarities, differences, and lessons,"
Oxford Review of Economic Policy,
Oxford University Press, vol. 26(3), pages 318-338, Autumn.
- Richard S. Grossman & Christopher M. Meissner, 2010. "International Aspects of the Great Depression and the Crisis of 2007: Similarities, Differences, and Lessons," Wesleyan Economics Working Papers 2010-002, Wesleyan University, Department of Economics, revised Aug 2010.
- Richard S. Grossman & Christopher M. Meissner, 2010. "International Aspects of the Great Depression and the Crisis of 2007: Similarities, Differences, and Lessons," NBER Working Papers 16269, National Bureau of Economic Research, Inc.
- Brunt, Liam & Cannon, Edmund, 2013.
"Integration in the English wheat market 1770-1820,"
Discussion Paper Series in Economics
12/2013, Department of Economics, Norwegian School of Economics.
- David S. Jacks, 2011. "Defying Gravity: The 1932 Imperial Economic Conference and the Reorientation of Canadian Trade," NBER Working Papers 17242, National Bureau of Economic Research, Inc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.