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The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars

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Author Info
O'Rourke, Kevin H

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Abstract

The paper provides a comparative history of the economic impact of the Revolutionary and Napoleonic Wars. By focussing on the relative price evidence, it is possible to show that the conflict had major economic effects around the world. Britain's control of the seas meant that it was much less affected than other nations, such as France and the United States. Explicit welfare calculations are provided for four countries, Britain, France, Sweden and the United States. Welfare losses were largest in the US, where they were of the order of 5-6% per annum; by contrast, they lay between 3-4% per annum in France, and between 1.7-1.8% per annum in Britain. On the other hand, the conflict helped pave the way for the more liberal international economic environment of the long 19th century.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 5079.

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Date of creation: May 2005
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Handle: RePEc:cpr:ceprdp:5079

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Keywords: trade; war;

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Find related papers by JEL classification:
F10 - International Economics - - Trade - - - General
N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

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References listed on IDEAS
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.:
  1. Frankel, Jeffrey A., 1982. "The 1807?1809 Embargo Against Great Britain," The Journal of Economic History, Cambridge University Press, vol. 42(02), pages 291-308, June. [Downloadable!]
  2. Joshua L. Rosenbloom, 2002. "Path Dependence and the Origins of Cotton Textile Manufacturing in New England," NBER Working Papers 9182, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. R. Findlay & K. H. O'Rourke, 2001. "Commodity market integration, 1500-2000," CEG Working Papers 20019, Trinity College Dublin, Department of Economics. [Downloadable!]
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  4. Jeffrey A. Frankel & David Romer, 1999. "Does Trade Cause Growth?," American Economic Review, American Economic Association, vol. 89(3), pages 379-399, June. [Downloadable!] (restricted)
  5. Williamson, Jeffrey G., 1984. "Why Was British Growth So Slow During the Industrial Revolution?," The Journal of Economic History, Cambridge University Press, vol. 44(03), pages 687-712, September. [Downloadable!]
  6. Anderson, James E & Neary, J Peter, 1996. "A New Approach to Evaluating Trade Policy," Review of Economic Studies, Blackwell Publishing, vol. 63(1), pages 107-25, January. [Downloadable!] (restricted)
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  7. Kevin H. O'Rourke & Jeffrey G. Williamson, 2000. "When Did Globalization Begin?," NBER Working Papers 7632, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  8. Neal, Larry, 1991. "A Tale of Two Revolutions: International Capital Flows 1789-1819," Bulletin of Economic Research, Blackwell Publishing, vol. 43(1), pages 57-92, January.
  9. K. H. O'Rourke & J. G. Williamson, 2001. "After Columbus: Explaining the Global Trade Boom 1500-1800," CEG Working Papers 20014, Trinity College Dublin, Department of Economics. [Downloadable!]
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  10. Jonathan Eaton & Maxim Engers, 1999. "Sanctions: Some Simple Analytics," American Economic Review, American Economic Association, vol. 89(2), pages 409-414, May. [Downloadable!] (restricted)
  11. Hueckel, Glenn, 1973. "War and the British economy, 1793-1815 a general equilibrium analysis," Explorations in Economic History, Elsevier, vol. 10(4), pages 365-396. [Downloadable!] (restricted)
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(explanations, 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.)

  1. Kevin H.O'Rourke, 2006. "War and Welfare: Britain, France and the United States 1807-14," The Institute for International Integration Studies Discussion Paper Series iiisdp119, IIIS. [Downloadable!]
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